Dhruv Consultancy Services Ltd receives LOA for consultancy services for road project

Dhruv Consultancy Services Ltd has received the "Letter of Award ("LOA")" for the Consultancy Services for Authority's Engineer for Supervision of Development of Six Lane access control greenfield highway of Delhi-Saharanpur-Dehradun economic corridor under Bharatmala Pariyojana from Design Chainage 56+500 to design chainage 119+790 in the state Uttar Pradesh on EPC Mode from the office of General Manager (Tech), Bharatmala Division, National Highways Authority of India, New Delhi ("the Authority") having reference No. NHAI/BM/EC/Delhi-Saharanpur Greenfield/AE-2/2021/1839 dated September 1, 2021 as received on September 3, 2021 directly by the Company i.e. Dhruv Consultancy Services Limited in association with Chaitanya Projects Consultancy Pvt. Ltd.

Independent Engineer Services for the said Project will be Rs. 6,75,00,000/- excluding taxes (Rupees Six Crores Seventy-Five Lacs Only). The Contract period will be 82 months.

The Company need to submit the Performance Bank Guarantee/Security within 15 days from the receipt of the LOA, post which all the statutory formalities covering signing of agreement as per RFP shall take place.

Shares of Dhruv Consultancy Services Limited was last trading in BSE at Rs. 31 as compared to the previous close of Rs. 30.5. The total number of shares traded during the day was 8000 in over 4 trades.

The stock hit an intraday high of Rs. 31.95 and intraday low of 30.75. The net turnover during the day was Rs. 249000.

Source : Equity Bulls

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