Dhruv Consultancy Services Ltd receives LOA for Ganga Expressway project

Dhruv Consultancy Services Limited has received the Letter stating to award the consultancy assignment of "Independent Engineer Services for the Development of Access Controlled Six Lane (expandable to eight lane) Greenfield "Ganga Expressway" {Group IV, from village Sarso Distt Unnao to Village Judapur Dando Distt Prayagraj, Design Length 156.847 Km)" in the State of Uttar Pradesh on DBFOT Toll Basis under PPP from the office of Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), Lucknow ("the Authority") having reference No. 4143/UPEIDA/2022/2304-Vol-II dated August 27, 2022 as received on August 27, 2022 directly by the Company i.e. Dhruv Consultancy Services Limited in JV with Artefact Projects Ltd, associate with Global Infra Solutions.

Independent Engineer Services Fee for the said Project will be Rs. 22,77,96,500/- excluding GST (Rupees Twenty-Two Crores Seventy Seven Lacs Ninety Six Thousand Five Hundred only). The Contract period will be of 60 months.

The Company need to submit the Performance Security within the stipulated time from the receipt of the LOA, post which all the statutory formalities covering signing of contract agreement as per RFP shall take place.

Shares of Dhruv Consultancy Services Ltd was last trading in BSE at Rs. 55.05 as compared to the previous close of Rs. 53.55. The total number of shares traded during the day was 20905 in over 240 trades.

The stock hit an intraday high of Rs. 58.00 and intraday low of 54.20. The net turnover during the day was Rs. 1175655.00.

Source : Equity Bulls

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