09-01-2022 04:18 PM | Source: Accord Fintech
Dhruv Consultancy Services zooms on getting LoA worth Rs 5.41 crore
News By Tags | #7880 #409 #572 #2070

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Dhruv Consultancy Services is currently trading at Rs. 68.80, up by 2.30 points or 3.46% from its previous closing of Rs. 66.50 on the BSE.

The scrip opened at Rs. 65.20 and has touched a high and low of Rs. 72.50 and Rs. 65.20 respectively. So far 48352 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. 29.10 on 24-Sep-2021.

Last one week high and low of the scrip stood at Rs. 72.50 and Rs. 48.05 respectively. The current market cap of the company is Rs. 99.29 crore.

The promoters holding in the company stood at 67.66%, while Institutions and Non-Institutions held 0.06% and 32.29% respectively.

Dhruv Consultancy Services has received the Letter of Acceptance (LoA) for the work of ‘Consultancy Services for Authority Engineer for Supervision of Rehabilitation and upgradation of NH-1678 from Km. 143/320 (Malakonda) to 189/050 (Singarayakonda) (on NH16) to two lane with paved shoulders in Andhra Pradesh through EPC mode of Contract’, from the Office of the Chief Engineer Government of Andhra Pradesh Roads & Buildings Department dated August 26, 2022, as received on August 29, 2022 directly by the Company i.e. Dhruv Consultancy Services & in association with KAIUS Consulting.

Consultancy Services Fees for the said project will be Rs 5.41 crore excluding taxes. The contract period will be of 78 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 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.