Monarch Surveyors & Engg. Consultants (BSE: 544453) has announced a significant development in its business operations. The company has received a Letter of Acceptance for a consulting contract related to land acquisition activities for the Somanath Dwarka Expressway project.

Contract Details

The contract specifics are as follows:

Project Significance

This contract marks a substantial milestone for Monarch Surveyors & Engg. Consultants. The company expects this development to have a positive impact on its business operations. The project involves cash consideration and is subject to necessary approvals from governmental authorities.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Monarch Surveyors has disclosed this information to the BSE Limited. The company has confirmed that this transaction does not involve any related party dealings, ensuring transparency in its operations.

Company Background

Monarch Surveyors & Engg. Consultants, formerly known as Monarch Surveyors and Engineering Consultants Private Limited, is headquartered in Pune, Maharashtra. The company specializes in surveying and engineering consultancy services, with this new contract further solidifying its position in the infrastructure development sector.

This project aligns with the ongoing infrastructure development initiatives in India, particularly in the expansion and improvement of the country's expressway network. The Somanath Dwarka Expressway, once completed, is expected to enhance connectivity and contribute to regional economic growth.

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

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.