Dhruv Consultancy Services Limited (DCSL) has achieved a significant milestone in its business operations. The company has been empaneled as a consulting agency for supervising roads and bridge projects with Odisha Bridge & Construction Corporation Limited (OB&CC Ltd), a Government of Odisha undertaking under the Works Department.

Key Details of the Empanelment

The empanelment comes as a response to an Expression of Interest (EOI) invited by OB&CC Ltd. This development positions DCSL to play a role in the supervision of infrastructure projects in Odisha.

Implications for Dhruv Consultancy Services

This empanelment could have several implications for Dhruv Consultancy Services:

1. Extended Business Opportunity: The three-year empanelment period provides DCSL with a platform for business in Odisha's infrastructure sector until March 2028.

2. Government Association: Working with a state government undertaking may enhance DCSL's credibility.

3. Expertise Showcase: This empanelment allows DCSL to demonstrate its capabilities in supervising infrastructure projects.

4. Potential Revenue Stream: While the financial details are not disclosed, such empanelments typically provide projects over the empanelment period.

It's important to note that the actual impact on the company's financial performance will depend on the number and scale of projects assigned during this period.

Dhruv Consultancy Services Limited has informed the stock exchanges about this development in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dhruv Consultancy Services Limited has announced a significant milestone in its business expansion, marking its entry into the airport consultancy segment. The company has been appointed as a consultant by Maharashtra Airport Development Company Ltd (MADC) for a project involving the construction of link taxiways at MIHAN, Nagpur.

Contract Details

The contract, valued at Rs 1.63 crore (excluding GST), involves providing consultancy services for two major components:

1. Construction of a link taxiway approximately 1400m long, connecting the existing MIHAN Taxiway to a 3 Lane Road at sector-10 within the processing Special Economic Zone (SEZ).
2. Construction of another link taxiway approximately 550m long, connecting the existing MIHAN Taxiway to Relocated Indian Air Force (IAF) Land for Airport Operations.

Financial Terms

The consideration for the project is structured in two parts:

Project Duration

The contract spans a period of 20 months, as per the company's disclosure to the stock exchanges.

Strategic Significance

This appointment is particularly noteworthy as it represents Dhruv Consultancy Services' first venture into the airport consultancy segment. The company, which has primarily focused on highways and infrastructure projects, is now expanding its domain expertise into aviation-related consultancy.

Tanvi T Auti, Managing Director of Dhruv Consultancy Services Limited, signed the regulatory filing, underlining the strategic importance of this contract for the company's growth and diversification efforts.

Market Impact

The expansion into airport consultancy opens up new avenues for growth for Dhruv Consultancy Services. It demonstrates the company's ability to leverage its existing expertise in infrastructure consulting to enter adjacent sectors, potentially leading to a more diversified project portfolio and revenue streams in the future.

Investors and market analysts will likely be watching closely to see how this new venture impacts the company's financial performance and market position in the coming quarters.