Dhruv Consultancy Services zooms on getting LoA for project management consultancy services in Andhra Pradesh

Dhruv Consultancy Services is currently trading at Rs. 62.70, up by 1.30 points or 2.12% from its previous closing of Rs. 61.40 on the BSE.

The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 62.70 and Rs. 59.10 respectively. So far 3766 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.

Last one week high and low of the scrip stood at Rs. 62.70 and Rs. 55.00 respectively. The current market cap of the company is Rs. 87.85 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 Project Management Consultancy (PMC) Services for upgradation to 2/4 lane with paved shoulders configuration of newly declared NH167A from Nakrekal to Vodervu Section for a length of 81.690KMs (approximately) in the State of Andhra Pradesh from the office of Chief Engineer (R&B) National Highways & CRF, National Highways Wings, Roads & Building Department, Government of Andhra Pradesh, Vijayawada dated December 29, 2021 as received on January 5, 2022 directly by the Company i.e. Dhruv Consultancy Services & in association with Global Infra Solutions & in association with Kaius Consulting.

Project Management Consultancy service fees for the said project will be around Rs 9.69 crore excluding taxes. The contract period will be 102 months.

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.