Dhruv Consultancy Services Limited has secured a consultancy contract worth ₹8.34 crore from Madhya Pradesh Road Development Corporation Limited (MPRDC) for the Ujjain-Jaora Access Controlled Greenfield Highway project, strengthening its pipeline of government-backed infrastructure assignments.
The company disclosed in a regulatory filing on June 5, 2026, that it received a Letter of Acceptance (LOA) from MPRDC for providing Independent Engineer consultancy services for the project.
Shares of Dhruv Consultancy Services closed at ₹28.68, up 4.06 percent from the previous close of ₹27.56. The company has a market capitalization of ₹54.87 crore.
Contract details
The contract, awarded under the Hybrid Annuity Mode (HAM) framework, is valued at ₹8,33,79,753, excluding GST.
Dhruv Consultancy secured the project through a consortium comprising:
- Dhruv Consultancy Services Limited
- Intercontinental Consultants and Technocrats Private Limited
- MVK Infrabuild Private Limited
The award was made through a competitive bidding process under Tender ID 2026_MPRDC_476427_1.
The company said the transaction is not a related-party transaction and that neither its promoters nor promoter group entities have any interest in MPRDC.
Four-year assignment
The consultancy mandate will span 48 months, including:
- 24 months of construction supervision
- 24 months of Defect Prevention Liability (DPL) period
As the Independent Engineer, the consortium will oversee construction quality, certify project milestones, monitor compliance with contractual requirements, and assist in resolving disputes between the concessionaire and the project authority.
Under the contract terms, the company is required to furnish a performance security deposit within 15 days of receiving the LOA and execute the formal agreement as specified in the tender documents.
Strategic importance
Although relatively modest in size compared with EPC contracts, Independent Engineer assignments are considered significant in the highway sector because they involve technical oversight and quality assurance throughout the project lifecycle.
Such mandates help strengthen a consultancy firm’s credentials and improve its prospects of securing future infrastructure projects.
Ujjain-Jaora highway project
The access-controlled greenfield corridor is part of Madhya Pradesh’s efforts to improve regional connectivity.
The project will link Ujjain, an important religious center, with Jaora in Ratlam district, aiming to enhance mobility, reduce congestion and support economic activity.
Since the highway will be developed on a new alignment using modern standards, technical supervision is expected to play a critical role during construction and the post-construction liability period.
Order book
The latest order adds to Dhruv Consultancy’s order book, which stood at around ₹256 crore in early June 2026.
The company has continued to receive mandates from agencies including NHAI and MPRDC, with recent order inflows totaling approximately ₹16.24 crore across feasibility studies, bridge design projects and supervision assignments.
The order pipeline provides revenue visibility over the next two to three years.
Company profile
Headquartered in Navi Mumbai, Dhruv Consultancy Services Limited provides project management, independent engineering, supervision and technical advisory services. The company works with central and state government agencies and offers services covering the entire infrastructure project lifecycle.
TL;DR:
Dhruv Consultancy Services has won an ₹8.34 crore Independent Engineer contract from MPRDC for the Ujjain-Jaora greenfield highway project. The 48-month assignment strengthens the company’s ₹256 crore order book and expands its presence in government infrastructure consultancy.
AI summary:
- Dhruv Consultancy received an LOA from MPRDC.
- Contract value stands at ₹8.34 crore excluding GST.
- The assignment covers a 48-month period.
- Work involves Independent Engineer services for the Ujjain-Jaora highway.
- The company’s order book stands at about ₹256 crore.
