Dhruv Consultancy surges on getting LOA for consultancy services in Andhra Pradesh, Tamil Nadu

Dhruv Consultancy Services is currently trading at Rs. 58.05, up by 0.20 points or 0.35% from its previous closing of Rs. 57.85 on the BSE.

The scrip opened at Rs. 60.70 and has touched a high and low of Rs. 60.70 and Rs. 56.85 respectively. So far 8541 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. 60.70 and Rs. 48.00 respectively. The current market cap of the company is Rs. 83.63 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, in association with Global Infra Solutions and Kaius Consulting, has received the Letter of Award (LOA) for the Consultancy Services as the Independent Engineer for Supervision of Development of Six Lane Chittoor-Thatchur Highway from Km 61.380 to Km 116.100 on Hybrid Annuity Mode under Bharatmala Pariyojna in the state of Andhra Pradesh & Tamil Nadu on HAM Mode (Package II) from the office of General Manager (Tech), National Highways Authority of India, New Delhi.

Fees towards the Independent Engineer’s Services for the said Project will be Rs 5.13 crore excluding taxes. The Contract period will be 48 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.

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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