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 Central Railway.
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Monarch Surveyors and Engineering Consultants Ltd has received an order from Central Railway valued at Rs. 4.91 crore (approximately Rs. 4,91,00,564) for providing Project Management Services. The contract involves upgrading three railway coach maintenance facilities in Pune, Mumbai, and Nagpur into Vande Bharat Chair Car Maintenance cum Workshop depots. The work includes upgradation of Ghorpadi Coach Maintenance Complex, Wadi Bunder Coaching Complex, and Ajni Coach Care Complex. The project is a domestic contract with cash consideration and will be completed within 18 months from the date of Letter of Acceptance. The company states this is not a related party transaction.
This order represents a meaningful contract win for the company in railway infrastructure services, providing revenue visibility over the next 18 months. However, the impact on the company's stock will depend on its total revenue size relative to this order value.