Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 (Listing Regulations) that the Company Monarch Surveyors and ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Monarch Surveyors and Engineering Consultants Ltd has received a Letter of Acceptance for a railway infrastructure project valued at Rs. 6,18,96,221.98 (approximately Rs. 6.19 crore). The scope of work includes conducting a Final Location Survey, Geological Studies, Traffic Survey, Techno-Economic Studies, Railway Alignment Design, and preparation of a Detailed Project Report (DPR) for a new Broad Gauge railway line between Jammu Tawi and Shri Mata Vaishno Devi Katra stations in the Jammu Division. The company confirmed this is not a related party transaction and the consideration will be paid in cash. Work is set to commence immediately as per the contract terms.
This is a modest new order win for the company, adding about Rs. 6.19 crore to its order book and strengthening its presence in railway consultancy work. The impact on the stock is likely neutral to mildly positive, as the value is not large enough to materially alter the company's financial trajectory but signals continued business momentum.