Road Infrastructure Company Gets NHAI Approval for Consultancy Services in Maharashtra
The company in its project update letter, mentioned that its Variation Proposal for providing consultancy services for various additional works has been approved by the General Manager (Technical) of the National Highways Authority of India.
Dhruv Consultancy Services Ltd, in its project update letter, mentioned that its Variation Proposal for providing consultancy services for various additional works has been approved by the General Manager (Technical) of the National Highways Authority of India.
The approved works include constructing roads in Maharashtra on an EPC basis, widening service roads, and installing streetlights on the Solapur-Yedeshi section of NH-52. It also covers addressing blackspots on NH-65, NH-52, and NH-150, along with ongoing and upcoming standalone projects. Additionally, it includes repair and maintenance of 2, 4, and 6-lane stretches under PIU Solapur, such as maintaining the Karmala-Tembhurni section of NH-516A between KM 80/600 and KM 140/080. The contract price for these services is ₹2,19,74,704/- (excluding GST), with a contract period of 18 months.
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About the Company
Dhruv Consultancy Services Ltd, established in 2003, is an infrastructure project management consultancy firm offering a wide range of services across sectors. Their expertise spans highway design, project management, and quality control for highways, bridges, tunnels, buildings, environmental projects, and ports.
The company assists in all phases of a project, from pre-tender services like feasibility studies and contract preparation to post-tender services like construction supervision and safety audits. Their client list includes government ministries, highway authorities, and smart city development missions.
With a market cap of over ₹189 crore, Dhruv Consultancy Services Ltd reported an order book of ₹666.9 crore as of September 30, 2024, including ₹301.3 crore in unexecuted orders.
Year-to-date, the stock has delivered multibagger returns of 102%, with an impressive 308% gain over the last five years. Investors should keep an eye on this promising micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.