Monarch Surveyors Secures Contract to Prepare Detailed Project Reports for State Highways in Madhya Pradesh
Monarch Surveyors and Engineering Consultants Limited has secured a significant contract involving consultancy services for infrastructure development in Madhya Pradesh. The company received a Letter of Acceptance (LOA) from the Madhya Pradesh Road Development Corporation Limited.The project entails providing Consultancy Services for Preparation of Detailed Project Reports (DPRs). These DPRs are designated for various road and bridge projects, including ROBs (Road Over Bridges), Bridges, Flyovers, Bypasses, and Selected Stretches of State Highways within the state of Madhya Pradesh.
The total value of this project contract is Rs. 2,53,10,000/- (Rupees Two crore fifty-three lakh ten thousand only).
This domestic contract involves a cash consideration mechanism from the client. The work is subject to necessary approvals from governmental authorities.
Contract Details Overview
The following table provides key details regarding the contracted project between Monarch Surveyors and the Madhya Pradesh Road Development Corporation Limited:| Particulars | Details |
|---|---|
| Client Entity | Madhya Pradesh Road Development Corporation Limited |
| Project Scope | Consultancy Services for Preparation of Detailed Project Reports (DPRs) for ROB/Bridges/Flyover/Bypasses and Selected Stretches of State Highways in Madhya Pradesh |
| Transaction Type | Domestic |
| Contract Amount | Rs. 2,53,10,000/- |
| Consideration Mechanism | Cash Consideration |
| Status | Awaiting commencement, estimated completion timeline as per contract terms. |
Stock Price Movement
On Friday, Monarch Surveyors and Engineering Consultants Ltd settled at ₹227.25, ticking up 1.81%.Shares experienced a volatile trading day, moving within an intraday range between a low of ₹226.00 and a high of ₹227.50.
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