Shares of Dhruv Consultancy Services Ltd jumped over 3% to Rs 50.00 on Wednesday, Dec 10, after the company announced that it has secured a significant consultancy mandate from the National Highways Authority of India (NHAI) in association with Dayanandaman Construction & Consultant Pvt. Ltd. The stock gained Rs 1.47 in early trade following the development.
Dhruv Consultancy revealed that it has been appointed for the preparation of Detailed Project Reports (DPR) and feasibility studies across key national highway and connectivity corridors in the state of Kerala. The comprehensive assignment, valued at Rs 5.25 crore (excluding GST), includes a wide scope of consultancy services such as detailed engineering surveys and feasibility assessments.
The mandate covers five critical corridors in Kerala, including the development of NH-85, connectivity to Kannur Airport from NH-66, four-lane connectivity from Ramanattukara to Calicut International Airport, another four-lane stretch between Kodungallur and Angamaly, and development of the road from Fort Vypin to the Matsyafed Tourist Office. The total duration of the project is nine months.
Commenting on the development, Managing Director Mrs. Tanvi Dandawate Auti stated that the company is delighted to be entrusted with a cluster of strategically significant projects that strengthen its position in India’s infrastructure consultancy landscape.
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