Monarch Surveyors Bags Contract for Pre and Post Tamping Track Measurement Survey with Western Railway
Monarch Surveyors and Engineering Consultants Ltd has announced the receipt of a Letter of Acceptance (LoA) for a critical track measurement survey project. The contract involves conducting pre and post tamping track measurement surveys using the Trimble GEDO Vorsys trolley system for the Ukai Songhad - Jalgaon section under the Sr. DEN/E/MMCT jurisdiction.The total order value for this infrastructure project stands at Rs.1,54,54,269.59.
This domestic contract is awarded by the Western Railway. The work order specifies performing the comprehensive pre and post tamping track measurement survey, utilizing the advanced Trimble GEDO Vorsys trolley system.
The project structure confirms that the transaction is a work contract and does not fall within the category of related party transactions. The entire scope of work is scheduled for completion within 12 months from the date of issuance of the Letter of Acceptance.
Key details regarding the contract are summarized below:
| Particulars | Details |
|---|---|
| Client/Target Entity | Western Railway |
| Project Scope | Pre and post tamping track measurement survey |
| Technology Used | Trimble GEDO Vorsys trolley system |
| Operational Area | Ukai Songhad - Jalgaon section |
| Total Contract Value | Rs.1,54,54,269.59 |
| Nature of Consideration | Cash Consideration |
| Completion Timeline | Within 12 months from LoA date |
| Transaction Type | Domestic Work Contract |
Stock Price Movement
Monday, Monarch Surveyors and Engineering Consultants Ltd. shares settled at ₹248.50, marking a 4.72% decline for the day. Throughout trading, the stock moved between a low of ₹248.10 and a high of ₹260.80.Source:
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