Dhruv Consultancy stock jumps 7% as JV bags LoA for new order

7 Oct 2022 , 10:43 AM

Arkitechno Consultants (India) Private Limited in Joint Venture with Dhruv Consultancy Services Limited has received the Letter of Acceptance (“LOA”)”.

According to the regulatory filing, the LoA is for the work of “Consultancy Services for preparation of Detailed Project Report (DPR) for “Augmentation of 4-laning of Anakapalli – Annavaram – Diwancheruvu Section from Km. 741.255 to Km. 903.000 of NH-16 (Package – 3 & 4 of TOT Bundle – 1) to 6 lane Partial Access Controlled Highway standard in the state of Andhra Pradesh”.

The contract is received from the National Highways Authority of India, Regional Office, Andhra Pradesh.

Consultancy Services Fees for the said Project will be Rs1,74,29,958/- excluding taxes (Rupees One Crore Seventy-Four Lakh Twenty-Nine Thousand Nine Hundred and Fifty Eight only). The Contract period will be of 9 months, the company said on Thursday.

On Friday at around 10:45 AM, Dhruv Consultancy was trading at Rs62.60 per share higher by 7.19% as against previous closing of Rs58.40 per share on the BSE.

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