Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (Listing Regulations), The Monarch Surveyors and Engineering ....
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Awaiting price reaction for this filing.
Monarch Surveyors and Engineering Consultants Ltd has received a Letter of Acceptance to act as consultant for all land acquisition activities for Package-3 (Rajkot to Dwarka section) of the proposed Somanath Dwarka Expressway. The total contract value is Rs 41,43,37,275 (approximately Rs 41.43 crores). The transaction is not a related party deal and will be settled in cash. Work is expected to commence immediately with completion timeline as per contract terms. The contract is subject to necessary governmental and regulatory approvals.
This is a positive development for the company as it adds a significant order worth over Rs 41 crores to its order book, which should support revenue growth and strengthen its position in the infrastructure consultancy space.