Monarch Surveyors and Engineering Consultants Ltd Wins Contract for Licensed Surveyor in Parbhani
Monarch Surveyors and Engineering Consultants Limited has secured a significant work order valued at Rs. 4,36,17,000/- for the Selection of Agencies for Licensed Surveyor for the District Superintendent of Land Records, Parbhani. The contract is expected to positively impact the company's business operations.The project involves providing services related to the Selection of Agencies for the licensed surveyor role at the District Superintendent of Land Records in Parbhani. This contract falls under domestic work and does not constitute a related party transaction.
Details regarding the awarded contract are as follows:
| Particulars | Details |
|---|---|
| Target Entity | Office of the District Superintendent of Land Records, Parbhani |
| Contract Scope | Selection of Agencies for Licensed Surveyor for District Superintendent of Land Records, Parbhani |
| Contract Nature | Domestic |
| Consideration Mechanism | Cash Consideration |
| Total Contract Value | Rs. 4,36,17,000/- (Rupees Four Crore ThirtySix Lakh Seventeen Thousand Only) |
| Relationship Status | The transaction does not fall within related party transactions and the company has no interest in the work contract. |
The estimated completion timeline for the work is set as per the contract terms, and the work is scheduled to commence immediately following the acceptance letter. The project is subject to necessary approvals from governmental authorities.
Stock Price Movement
On Wednesday, Monarch Surveyors and Engineering Consultants Ltd saw its shares settle at ₹221.50, marking a 0.72% decline in after-hours trading. Throughout the session, the stock moved within an intraday range between a high of ₹225.00 and a low of ₹221.50.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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