Announced Mon, 29 Jun · 18:30 IST
Monarch Surveyors wins Rs 1.23 cr order from Maharashtra Maritime Board
Business Updates View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.8%1-day move
₹225.20
prior close
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base price
After-mkt
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AI summary
Monarch Surveyors and Engineering Consultants has received a Letter of Acceptance from Maharashtra Maritime Board for designing and constructing a Groynes Style Dyke, Jetty and Approach Road at Akshi Sakhar in Alibaug, Raigad, Maharashtra. Total order value is Rs 1.23 crore. It is a domestic government contract with cash consideration, work to commence immediately. Not a related party transaction.
Likely market impact
Small new order of Rs 1.23 crore adds to order book; likely modest revenue impact unless company base is very small.