Monarch Surveyors secures LOA for Consultancy Services on Assam Resilient Rural Bridges Program
Monarch Surveyors and Engineering Consultants Ltd has secured a Letter of Acceptance (LOA) to provide consultancy services for the Design and Detailed Project Report (DPR) preparation for 193 bridges under the World Bank-financed Assam Resilient Rural Bridges Program (ARRBP). The total value of this project stands at Rs. 1,74,24,057.The contract involves work to be carried out in the state of Assam, focusing on maintaining existing structures and developing necessary infrastructure improvements. The scope includes maintenance for various bridges, widening existing bridges, replacing temporary bridges with RCC bridges, constructing new double lane RCC bridges in gaps, and replacing distressed structures including those collapsed or washed out due to flooding and land sliding.
The project is awarded by the Public Works Roads Department, Government of Assam, under Group H of the ARRBP. The transaction involves providing Consultancy Services for Design and DPR Preparation.
Details of the contract and the target entity are as follows:
| Particulars | Details |
|---|---|
| Target Entity | Public Works Roads Department, Government of Assam |
| Domestic/International Scope | Domestic |
| Nature of Consideration | Cash Consideration |
| Total Contract Amount | Rs. 1,74,24,057/- (Rupees One Crore Seventy-Four Lakh Twenty-Four Thousand and Fifty-Seven only) |
| Project Objects and Effects | Providing Consultancy Services for Design and DPR Preparation of 193 Bridges under ARRBP in 8 groups, covering maintenance, widening, replacement of temporary bridges with RCC bridges, new double lane RCC Bridge construction, and replacement of distressed/collapsed bridges in Assam. |
The contract is designated as a domestic order from a Domestic Entity. The work is subject to necessary approvals from governmental authorities. Monarch Surveyors and Engineering Consultants Ltd indicated that the entire scope of work will be completed according to the Letter of Acceptance timeline.
Stock Price Movement
As of 11:34, Monarch Surveyors and Engineering Consultants Ltd is ticking down by 2.0%, currently standing at ₹210.00. Shares have traded within a session range, fluctuating between an intraday low of ₹207.20 and a high of ₹213.00.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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