Rs 666.90 crore order book: Road infrastructure consultancy company bags new order worth Rs 44,00,000 from HPRIDCL

The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex Index is up by 10 per cent.

Dhruv Consultancy Services Limited, in a joint venture with Global Infra Solutions, has secured a significant contract from the Himachal Pradesh Road and Infrastructure Development Corporation Limited (HPRIDCL). The contract involves providing consultancy services, specifically construction supervision, for a 160-meter-long cantilever bridge with approach roads at Garkhal in Himachal Pradesh. This project entails overseeing the construction of a 9-meter carriageway bridge equipped with crash barriers on both sides. The Notice to Proceed with Work was received on December 26, 2024, with a contract value of Rs 44,00,000 (excluding taxes) and a 24-month contract duration.

This domestic contract awarded by the Himachal Pradesh government through HPRIDCL signifies a crucial step for Dhruv Consultancy Services Limited. As the appointed consultant, the company will play a vital role in ensuring the successful and timely completion of this critical infrastructure project. The contract aligns with the company's expertise in construction supervision and reinforces its position as a key player in the Indian infrastructure sector.

About the Company

Dhruv Consultancy Services Ltd, founded in 2003, is an infrastructure project management consultancy firm offering a wide range of services across various sectors. Their expertise includes highway design, project management, and quality control for projects involving highways, bridges, tunnels, buildings, environmental aspects and ports. They assist with 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. Additionally, they provide advisory services for lenders, financial planning, technical and legal advice, and bridge inspections. Their impressive client list includes government ministries, highway authorities, and smart city development missions.

The company had a market cap of over Rs 200 crore and its current order book stands at Rs 666.90 crore as of September 30, 2024. The stock gave multibagger returns of 115 per cent in just 1 year whereas BSE Sensex Index is up by 10 per cent. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.