Monarch Surveyors Secures Contract to Prepare Town Planning Scheme(s) for Multiple Greenfield Satellite Townships in Bihar
Monarch Surveyors and Engineering Consultants Ltd has been awarded a contract valued at Rs. 6,39,79,600/- by the Urban Development & Housing Department of the Government of Bihar. The engagement involves the Preparation of Town Planning Scheme(s) for Multiple Greenfield Satellite Townships in Bihar (Group-2).The company received the Letter of Acceptance confirming the contract, which is designated as a domestic transaction and will be settled via cash consideration.
Details regarding the scope and parameters of the contract are provided below:
| Particulars | Details |
|---|---|
| Target Entity | Urban Development & Housing Department, Government of Bihar |
| Transaction Type | Domestic |
| Objects of Contract | Preparation of Town Planning Scheme(s) for Multiple Greenfield Satellite Townships in Bihar (Group-2) |
| Total Contract Amount | Rs. 6,39,79,600/- |
| Consideration Mechanism | Cash Consideration |
The contract involves Monarch Surveyors and Engineering Consultants Ltd working with the Urban Development & Housing Department, Government of Bihar. The work is subject to necessary approvals from governmental authorities.
As per the Letter of Acceptance, the company is set to commence work immediately, with an estimated completion timeline determined by the terms of the contract. No shares or controlling interests were acquired in the process.
Stock Price Movement
Monarch Surveyors and Engineering Consultants Ltd settled at ₹218.60 on Friday, registering a decline of 2.41%. The shares traded between an intraday high of ₹222.00 and a low of ₹218.60 during the session.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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