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 Northern ....
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Monarch Surveyors has received a Letter of Acceptance from North Central Railway for Final Location Survey work, which includes geotechnical studies, design, preparation of drawings, and other preliminary activities for DPR and EPC tender documents. The work covers upcoming survey for new railway lines, bypass lines, doubling/multi-tracking, and flyovers. The total order value is Rs. 22,78,64,358.25 (approximately Rs. 22.79 crores). The contract is domestic, with cash consideration, and is not a related party transaction. The company expects this to positively impact its business operations.
This is a sizeable new order from a government entity (Indian Railways), which strengthens the company's order book and provides revenue visibility. For shareholders, it signals continued business momentum from the railway infrastructure segment, though execution timelines and revenue recognition will determine the actual financial impact.