Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we hereby submit that Company has received an order from Western Railway.
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Monarch Surveyors and Engineering Consultants Ltd has received a Letter of Acceptance from Western Railway to carry out a Final Location Survey (FLS) and prepare a Detail Project Report (DPR) for a new broad gauge railway line. The project covers the route between Nimach-Banswara-Dahod-Alirajpur-Nandurbar. The total contract value is Rs. 6,54,20,305.39 (approximately Rs. 6.54 crore). This is a domestic contract with cash consideration, and the work is to be completed within 12 months from the date of the Letter of Acceptance. The contract is not a related party transaction.
This is a positive development as the company secures a significant infrastructure project from a government entity. The Rs. 6.54 crore contract represents new business for the company, though the impact on stock price will depend on the company's total revenue size.