NewsOrders & DealsMonarch Surveyors Secures Multiple Infrastructure Contracts Totaling Rs 4.47 CroreMonarch Surveyors Secures Multiple Infrastructure Contracts Totaling Rs 4.47 Crore
Monarch Surveyors & Engg. Consultants has been awarded two infrastructure projects totaling Rs 4.47 crore. The first is a Rs 2.01 crore railway project for preliminary work on a 140 km Rowghat-Jagdalpur line, including land acquisition and technical preparations. The second is a Rs 2.46 crore traffic study project for Kolkata and Haldia Dock Systems, focusing on improving urban mobility and safety. Both projects are set to commence immediately and are expected to positively impact the company's operations.
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Monarch Surveyors & Engg. Consultants has been awarded two significant infrastructure projects, marking positive developments for the company's business operations. The projects, with a combined value of Rs 4.47 crore, involve crucial work in both railway and port sectors.
Railway Project: Rowghat-Jagdalpur Line
The company received a Letter of Acceptance for a railway infrastructure project valued at Rs 2.01 crore. This project involves preliminary work for a new 140 km railway line between Rowghat and Jagdalpur.
Project Scope and Details
The tasks for the railway project include:
- Land acquisition
- Preparation of land plans
- L-section preparation
- Land boundary fixing
- Geo-technical work
These activities are essential for the construction of the new railway line, which aims to enhance connectivity and transportation infrastructure in the region.
Traffic Study Project: Kolkata and Haldia Dock Systems
In addition to the railway project, Monarch Surveyors has secured a contract for a Traffic Circulation & Safety Study project covering Kolkata Dock System and Haldia Dock Complex. This consultancy contract is valued at Rs 2.46 crore.
Project Scope and Details
The traffic study project involves:
- Conducting a comprehensive safety and traffic circulation study
- Aiming to improve urban mobility
- Reducing congestion
- Enhancing traffic safety
Project Significance
While Monarch Surveyors has classified these as non-material events under its materiality policy, the company has voluntarily disclosed the information to maintain transparency with its stakeholders. Both projects are expected to have a positive impact on the company's business operations.
Contract Details
| Aspect | Railway Project | Traffic Study Project |
|---|---|---|
| Project Value | Rs 2.01 crore | Rs 2.46 crore |
| Payment Mechanism | Cash Consideration | Cash Consideration |
| Commencement | Immediate | Immediate |
| Related Party Transaction | No | Not specified |
| Regulatory Approvals | Subject to necessary approvals from railway and governmental authorities | Not specified |
Company Background
Monarch Surveyors & Engg. Consultants, formerly known as Monarch Surveyors & Engineering Consultants Pvt. Ltd., is based in Pune, Maharashtra. The company specializes in surveying and engineering consultancy services, with a focus on infrastructure projects.
These new contracts underscore Monarch Surveyors' expertise in land acquisition, preliminary groundwork for major infrastructure projects, and traffic management studies. As both the railway and port sectors continue to expand in India, such projects are crucial for improving transportation networks and fostering economic development in various regions.
Historical Stock Returns for Monarch Surveyors & Engg. Consultants
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.95% | +7.12% | -3.03% | -34.03% | -34.03% | -34.03% |
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