Monarch Surveyors wins Rs 4.30 cr consultancy order for Gadchiroli Airport

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹260.00

prior close

₹261.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.6%-0.2% vs market

Consulting Services peers, median of 18sector+0.6%-0.2% vs sector

On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 0.2 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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UpDownMarket · Nifty Microcap 250Sector · Consulting Services peers, median of 18Pending

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AI summary

Monarch Surveyors has received a Letter of Acceptance as Consultant for Forest Diversion, Revenue Coordination and Statutory Clearances for the proposed Greenfield Airport at Gadchiroli, Maharashtra. The order, valued at Rs 4.30 crores, is from Maharashtra Airport Development Company Ltd, a domestic state government entity. The scope covers statutory clearances work with cash consideration, subject to necessary government approvals. Work is to commence immediately as per contract terms.

Likely market impact

New order adds to order book and improves revenue visibility. Award from a state government entity reinforces the company’s credentials in infra consultancy.