Dhruv Consultancy Services soars on receiving LoA for Independent Engineering Services

Dhruv Consultancy Services is currently trading at Rs. 51.90, up by 5.70 points or 12.34% from its previous closing of Rs. 46.20 on the BSE.

The scrip opened at Rs. 48.00 and has touched a high and low of Rs. 53.50 and Rs. 47.55 respectively. So far 2859 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 84.65 on 26-Nov-2021 and a 52 week low of Rs. 23.00 on 28-Jul-2021.

Dhruv Consultancy Services
Dhruv Consultancy Services

Last one week high and low of the scrip stood at Rs. 54.90 and Rs. 44.90 respectively. The current market cap of the company is Rs. 66.05 crore.

The promoters holding in the company stood at 67.35%, while Institutions and Non-Institutions held 0.06% and 32.60% respectively.

Dhruv Consultancy Services has received the Letter of Acceptance (LoA) for the Independent Engineering Services during Development and Operation of Sikar – Bikaner Section of NH-11 from Km. 340.188 of NH-11 to Km. 557.775 of NH-11 via Sikar Bypass and Bikaner Bypass from Km. 553.869 of NH-11 to Km. 267.325 of NH-89 by two laning with paved shoulder in the state of Rajasthan through Public Private Partnership on Design, Build, Finance, Operate and Transfer (the DBFOT), from the office of the Chief Engineer (NH & PPP) PWD, Rajasthan, Jaipur (the Authority) as received on July 11, 2022 directly by the Company i.e. Dhruv Consultancy Services & in association with G-Square Infra Projects.

Independent Engineering Services Fes for the said Project will be Rs 4.14 crore excluding taxes. The contract period will be of 36 months. The company need to submit the Performance Bank Guarantee/Security within 7 days from the receipt of the LOA, post which all the statutory formalities covering signing of contract agreement as per RFP shall take place.

Dhruv Consultancy Services is an infrastructure consultancy company providing design, engineering, procurement, construction and integrated project management services for Highways, Bridges, Tunnels, Architectural, Environmental Engineering and Ports.

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