Dhruv Consultancy Services Limited , in collaboration with Maark Civil Engineering Services Pvt. Ltd, has been appointed as an Independent Engineer by the National Highway Authority of India (NHAI) for two significant highway projects in Karnataka. This appointment marks a notable development for the company in the infrastructure consulting sector.

Contract Details

Project Scope

The consultancy services cover two major projects:

1. Four-laning of Kundapur-Surathkal section and Mangalore to Kerala Border sections of NH-66 in Karnataka:

   • Kundapur-Surathkal section (Km 283.300 to km 368.080)
   • Mangalore to Kerala Border (Km 375.300 to Km 376.700)
   • Mahaveer Circle to Kerala Border (Km 3.700 to Km 17.200)

2. NH-66 and NH-73 projects under NMPRCL for New Mangalore port road connectivity:

   • Surathkal (Km 358+000) to Nanthoor (Km 375+300) on NH-66
   • BC road (Km 328+000) to Padil (Km 345+000) on NH-73
   • Km 0.000 to Km 2.172 on Bypass (From Padil Junction towards Maroli)

Role and Responsibilities

As an Independent Engineer, Dhruv Consultancy Services will be responsible for providing consultancy services during the operation and maintenance phase of these highway projects. This role is crucial for ensuring the quality and efficiency of the highway infrastructure.

Company's Position

This contract strengthens Dhruv Consultancy Services' position in the infrastructure consulting sector, particularly in highway engineering. The company's expertise in providing independent engineering services for large-scale highway projects is evident from this appointment.

Market Implications

The securing of this contract may be viewed positively by investors, as it demonstrates the company's ability to win significant projects from government entities like NHAI. This could potentially lead to improved revenue streams and enhanced market reputation for Dhruv Consultancy Services.

Conclusion

The appointment of Dhruv Consultancy Services as an Independent Engineer for these NHAI projects underscores the company's growing presence in the infrastructure consulting domain. As the projects unfold over the next five years, stakeholders will likely keep a close eye on the company's performance and its impact on future contract acquisitions in the sector.

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.