Announced Sat, 18 Jul · 21:37 IST
Wins Rs 2.53 cr road DPR consultancy order from MP govt
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Price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹227.00
prior close
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base price
After-mkt
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AI summary
Monarch Surveyors and Engineering Consultants received a Letter of Acceptance from Madhya Pradesh Road Development Corporation for consultancy work covering preparation of Detailed Project Reports for ROBs, bridges, flyovers, bypasses and selected stretches of state highways in MP. Total order value is Rs 2.53 crore. Work to begin immediately with completion per contract terms. Deal is domestic, cash-based and not a related party transaction.
Likely market impact
Adds about Rs 2.53 crore to the order book from a state government client, a modest positive new business win for the consultancy.