Monarch Surveyors Bags Order for Town Planning Scheme in Bihar worth Rs 11.65 Crore
Monarch Surveyors and Engineering Consultants Ltd has secured a project order for the preparation of Town Planning Schemes for Multiple Greenfield Satellite Townships in Bihar. The contract, valued at Rs 11,65,86,360/- (Rupees Eleven Crore Sixty-Five Lakh Eighty-Six Thousand Three Hundred Sixty Only), involves work with the Government of Bihar Urban Development & Housing Department.The company received a Letter of Acceptance for this domestic project. The contract specifies that the preparation of these Town Planning Schemes falls under Group-1 projects in Bihar.
The transaction is described as involving Cash Consideration. According to details provided, the work is subject to necessary approvals from governmental authorities and is expected to commence immediately with completion timeline set out in the contract terms.
Key details regarding the contract and project scope are summarized below:
| Particulars | Details |
|---|---|
| Contract Amount | Rs 11,65,86,360/- |
| Client Entity | Government of Bihar Urban Development & Housing Department |
| Project Scope | Preparation of Town Planning Schemes for Multiple Greenfield Satellite Townships in Bihar (Group-1) |
| Nature of Transaction | Domestic Cash Consideration |
| Related Party Status | The transaction is not within related party transactions, and the promoter/promoters' group has no interest in the work contract. |
Stock Price Movement
At the close of trade today, shares of Monarch Surveyors and Engineering Consultants Ltd settled at ₹227.80, recording a gain of 0.24%. The stock traded within an intraday range, moving between a low of ₹220.05 and a high of ₹227.80.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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