DMR Engineering Ltd Secures Contract for Owner's Engineer Services at Bhutan Hydropower Project
DMR Engineering Ltd has received a work order for providing Owner's Engineer Services for the 1125MW Dorjilung Hydropower Project located in Bhutan. The contract, valued at Rs. 2,58,91,500/- exclusive of taxes, spans a period of nine months.The project is being undertaken by Dorjilung Hydro Power Limited, making it an international client engagement for the company.
According to the details provided, DMR Engineering Ltd will be providing engineering consultancy services for the short-term Owner's Engineer Services at the site.
Project and Contract Details
The contract specifics are as follows:
| Particular | Details |
|---|---|
| Awarding Entity Name | Dorjilung Hydro Power Limited, Bhutan |
| Service Scope | Owner's Engineer Services (Short-term) for 1125MW Dorjilung Hydropower Project |
| Nature of Service | Engineering Consultancy Services |
| Client Type | International entity |
| Contract Duration | 9 months |
| Total Consideration | Rs. 2,58,91,500/- (exclusive of taxes) |
The engagement involves DMR Engineering Ltd providing specialized services to the international entity for the hydropower development project. The contract confirmation confirms that neither the promoter nor any member of the promoter group has an interest in the awarding entity, and the contract is not classified as a related party transaction.
Stock Price Movement
DMR Engineering Ltd shares settled on Thursday at ₹31.50, after ticking up 5.88%. The stock showed considerable intraday movement, trading between a low of ₹28.18 and a high of ₹31.99.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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