Monarch Surveyors bags Rs 11.66 crore Bihar town planning order from Government
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.4 pts less than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Monarch Surveyors has received a Letter of Acceptance from the Government of Bihar Urban Development and Housing Department for preparing Town Planning Schemes for multiple Greenfield Satellite Townships in Bihar (Group-1). The contract is worth Rs 11.66 crore on cash terms and is domestic. Work will commence immediately as per contract timelines. The order is not a related party transaction.
New government order strengthens order book and revenue visibility. Positive for short term sentiment, though size is modest.