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 Southern Railway.
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Monarch Surveyors has received a Letter of Acceptance from Southern Railway for providing project management services related to Pre & Post Tamping Track Measurements using a Portable Track Geometry Measurement Trolley System (Gedo Survey) for Design Mode Tamping on all lines in the MSB-VM Section. The total contract value is Rs. 2,02,00,500.24 (approximately Rs. 2.02 crore). The work is domestic, to be completed within 10 months from the date of the Letter of Acceptance, and will be paid in cash. The transaction is not a related-party deal.
This is a new government (Indian Railways) order that adds to the company's order book and provides revenue visibility for the next 10 months. For a small-cap consultancy, a Rs. 2+ crore railway contract is a positive business development, though its impact on stock price will depend on the company's overall revenue size and order pipeline.