Monarch Surveyors Secures Rs 3.19 Crore Railway Land Acquisition Contract
Monarch Surveyors & Engg. Consultants has won a Rs 3.19 crore contract from South Western Railway for land acquisition facilitation. The project involves assisting the Competent Authority for Land Acquisition (CALA) for railway doubling and traffic facility works between Chikajajur and Bellary stations in Mysuru and Hubballi Divisions. The contract is expected to positively impact the company's operations and aligns with its expertise in surveying and engineering consultancy.
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Monarch Surveyors & Engg. Consultants has announced securing a contract worth Rs 3.19 crore from South Western Railway. The company, which specializes in surveying and engineering consultancy, has been tasked with facilitating land acquisition for railway projects.
Contract Details
The contract, valued at Rs 3.19 crore, involves providing facilitation services to the Competent Authority for Land Acquisition (CALA) under the Railway Act, 1989. The scope of work includes land acquisition for railway projects of doubling and traffic facility works between Chikajajur and Bellary stations in Mysuru Division and Hubballi Division of South Western Railway.
Project Significance
This contract marks a notable achievement for Monarch Surveyors, as it is expected to have a positive impact on the company's business operations. The project aligns with the company's expertise in surveying and engineering consultancy, particularly in the context of infrastructure development.
Key Information
| Aspect | Details |
|---|---|
| Awarding Entity | South Western Railway |
| Contract Value | Rs 3.19 crore |
| Nature of Work | Facilitation for Land Acquisition |
| Project Location | Between Chikajajur and Bellary stations |
| Divisions Involved | Mysuru Division and Hubballi Division |
| Commencement | Immediate |
| Completion Timeline | As per contract terms |
| Regulatory Approvals | Subject to necessary governmental approvals |
Company's Disclosure
Monarch Surveyors has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this contract does not fall within related party transactions, and neither the promoter nor the promoter group companies have any interest in the awarded work.
The successful execution of this contract may be of interest to investors and stakeholders in the infrastructure and consulting sectors.
