<h1>Monarch Surveyors Secures Rs 1.23 Crore Project for Maritime Infrastructure in Maharashtra</h1>
Monarch Surveyors and Engineering Consultants Limited has secured a contract from the Maharashtra Maritime Board, awarded for designing Groynes Style Dyke, Jetty and Approach Road Construction for Akshi Sakhar located in Alibaug Taluka of Raigad, Maharashtra. The total order value for the project is Rs 1,23,40,000/-.
The engagement involves the design work for the necessary maritime infrastructure. As per the details provided by the company, the contract was awarded by a domestic entity and the consideration mechanism is cash payment.
This contract represents a significant business development opportunity for Monarch Surveyors in the maritime consulting sector. The commencement of work is scheduled immediately, with the estimated completion timeline to be determined as per the contract terms.
Key details pertaining to this project are summarized below:
| Particulars | Details |
|---|---|
| Client Entity | Maharashtra Maritime Board |
| Project Scope | Designing Groynes Style Dyke, Jetty and Approach Road Construction for Akshi Sakhar in Alibaug Taluka, Raigad, Maharashtra |
| Total Contract Amount | Rs 1,23,40,000/- (Rupees One Crore Twenty-Three Lakh Forty Thousand Only) |
| Transaction Type | Domestic |
| Consideration | Cash Consideration |
The project is subject to necessary approvals from governmental authorities.
Stock Price Movement
Shares of Monarch Surveyors and Engineering Consultants Ltd closed higher on Monday, settling at ₹225.15 after climbing 4.97%. The stock traded within a broad intraday range, moving between a low of ₹211.05 and a high of ₹225.20.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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