Image Source: EquityBulls
In a major legal breakthrough, Dhruv Consultancy Services Limited has been accorded an interim stay by the Madras High Court on a debarment letter by the National Highways Authority of India (NHAI). The firm had earlier moved a writ petition against the validity and scope of the debarment, which had affected its eligibility to bid for future infrastructure projects.
Background and Legal Action:
- Dhruv Consultancy on 24 March 2025 filed a writ petition against the debarment notice of the NHAI
- The petition had alleged procedural deficiencies and ambiguity in the grounds of debarment
- An interim stay was ordered by the Madras High Court, provisionally suspending the operation of the debarment
Operational Impact and Company Response:
- Dhruv clarified that there is no financial or business impact on its ongoing projects in the immediate future
- The company continues to provide over 50 ongoing highway, bridge, and tunnel infrastructure contracts
- Legal counsel anticipates a positive result based on detailed documentation and compliance history
Investor Sentiment and Market Position
- Dhruv commands over 30% market share in its segment with 170+ projects delivered and 4,793 km DPR coverage
- The short-term relief is likely to support investor confidence and retain bid eligibility in future NHAI auctions
- The company reiterated its commitment to quality and transparency in public infrastructure delivery
Sources: Bullu News, Official Website of Dhruv Consultancy Services, NHAI Circulars Website, Ministry of Road Transport & Highways India
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