Monarch Surveyors Secures Rate Contract from Northern Railway for Rs. 130 Crore Survey Work
Monarch Surveyors and Engineering Consultants Ltd has announced the receipt of a rate contract with Northern Railway - CALA. The contract involves undertaking Final Location Survey, geotechnical studies, design, and the preparation of drawings, valued at a total order amount of Rs. 1,30,00,42,245.88.The company stated that this contract is expected to significantly boost its business operations. The scope of the work covers preliminary activities for preparing Detailed Project Reports (DPR) and land acquisition documentation for major railway infrastructure projects.
The contract mandates carrying out Final Location Surveys and other preliminary activities related to upcoming railway works, including New lines, Bye-pass/Chord lines, Doubling/Multi-tracking, and flyovers. The effort includes providing facilitation to the Competent Authority for Land Acquisition (CALA) for the necessary land acquisition work for the railway projects.
Key details of the contract and the project are as follows:
| Particulars | Details |
|---|---|
| Client Entity | Northern Railway - CALA |
| Total Contract Value | Rs. 1,30,00,42,245.88 |
| Nature of Consideration | Cash Consideration |
| Scope of Work | Final Location Survey (Geotechnical studies, Design, Preparation of drawings) and preliminary activities for DPR, Land Acquisition, and EPC tender documents. |
| Project Coverage | New line, Bye-pass/Chord line, Doubling/Multi-tracking, flyover etc., including land acquisition support. |
| Project Duration | The entire work must be completed within 36 months from the date of issuing the Letter of Acceptance. |
| Contract Type | Domestic |
Stock Price Movement
Monarch Surveyors and Engineering Consultants Ltd shares closed at ₹217.00 on Monday, marking a gain of 0.91% for the day. Throughout the trading session, the stock moved within a wide range, bouncing between an intraday low of ₹195.10 and a high of ₹219.95.Source:
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