Monarch Surveyors Wins ₹1.67 Cr JNPA Contract
Monarch Surveyors & Engg. Consultants has received a Letter of Acceptance for consultancy services worth ₹1.67 crores from Jawaharlal Nehru Port Authority. The project involves preparing a Detailed Project Report and Detailed Engineering for the construction of a Second Link Road to Jawaharlal Nehru Port and an ROB connecting Jaskar and Karal Village. The contract is based on cash consideration and work is set to begin immediately upon acceptance, subject to necessary governmental approvals.
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Monarch Surveyors & Engg. Consultants has secured a Letter of Acceptance for consultancy services worth ₹1.67 crores from Jawaharlal Nehru Port Authority (JNPA). The company announced this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Project Details and Scope
The contract involves comprehensive consultancy services for infrastructure development at one of India's major ports. The project encompasses preparation of Detailed Project Report and Detailed Engineering for two critical infrastructure components.
| Project Component | Description |
|---|---|
| Primary Infrastructure | Construction of Second Link Road to Jawaharlal Nehru Port |
| Secondary Infrastructure | Construction of ROB Connecting Jaskar and Karal Village |
| Contract Value | ₹1.67 crores |
| Awarding Authority | Jawaharlal Nehru Port Authority |
| Nature of Work | Consultancy for Detailed Project Report and Engineering |
Contract Structure and Timeline
The project operates under a cash consideration mechanism, with work scheduled to commence immediately upon acceptance. The company has indicated that the project timeline will follow the estimated completion schedule as per contract terms.
| Parameter | Details |
|---|---|
| Entity Type | Domestic Entity |
| Consideration Mechanism | Cash Consideration |
| Commencement | Immediate upon acceptance |
| Regulatory Approvals | Subject to necessary governmental approvals |
| Related Party Transaction | No |
Regulatory Compliance and Disclosure
The announcement confirms that this transaction does not fall within related party transactions, and promoter/promoter group companies have no interest in the work contract. The project is subject to necessary approvals from governmental authorities as required for infrastructure development projects.
Monarch Surveyors & Engg. Consultants has stated that this development represents a significant milestone and is expected to positively impact the company's business operations. The company has made this information available on its website at https://www.monarchconsultants.in/ in compliance with regulatory requirements.
Company Background
Monarch Surveyors & Engg. Consultants, formerly known as Monarch Surveyors & Engineering Consultants Private Limited, operates from its headquarters at Monarch House, Pune, Maharashtra. The company maintains operations across multiple cities including Mumbai, Delhi, and Nagpur, providing engineering consultancy services across various infrastructure projects.
