Dhruv Consultancy Services Ltd receives LOA for new project

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Dhruv Consultancy Services Ltd has been awarded the “Letter of Award (LOA)” for consultancy services as an independent engineer for the supervision of the development of the six-lane Chittoor-Thatchur highway from km 61,380 to km 116,100 in mode of hybrid annuity under Bharatmala Pariyojna in the state of Andhra Pradesh and Tamil Nadu on HAM mode (Package II) from the office of the Director General (Tech), National Highways Authority of India, New Delhi (‘the Authority’ ) having the reference number NHAI / BM / Chittoor-Thatchur / IE / PkgII / 2021/2013 dated December 23, 2021 as received on December 23, 2021 directly by the Company, namely Dhruv Consultancy Services Limited and in association with Global Infra Solutions and in association with Kaius Consulting Pvt. Ltd.

The fees paid to the services of the independent engineer for the said project will be Rs. 5,13,00,000 / – excluding taxes (Rupees Five Crores Thirteen Lakes Only). The duration of the contract will be 48 (forty-eight) months.

The Company must submit the Performance / Safety Bank Guarantee within 15 days of receipt of the LOA, after which all statutory formalities covering the signing of the agreement in accordance with the RFP will take place.

Dhruv Consultancy Services Ltd shares were last trading in BSE at Rs. 57.40 from the previous close of Rs. 55.15. The total number of shares traded during the day was 4,737 in more than 81 trades.

The share hit an intraday high of Rs. 57.50 and an intraday low of 54.10. The net turnover during the day was Rs. 267,645.00.


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