Monarch Surveyors bags Rs 11.66 crore Bihar town planning order from Government

Govt Defence OrderBusiness Updates View source PDF

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Price reaction · full curve 14 horizons · vs prior close

-0.4%1-day move

₹227.80

prior close

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AI summary

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.

Likely market impact

New government order strengthens order book and revenue visibility. Positive for short term sentiment, though size is modest.