Monarch Surveyors Secures Rs 2.16 Crore Contract for Marine Shipyard Cluster Project
Monarch Surveyors and Engineering Consultants Ltd has secured a significant project contract involving the preparation of a Detailed Project Report (DPR) for the New Marine Shipyard Cluster (MSC). The order, which includes Geotechnical Investigation and Topographic Survey work at Dighi in District Raigad, was awarded by the Maharashtra Maritime Board.The receipt of the Letter of Acceptance marks a notable development for the company, with the contract expected to positively impact its business operations.
The project involves Monarch Surveyors providing specialized consultancy services related to the Marine Shipyard Cluster initiative. The transaction is domestic and structured as a cash consideration.
Key details pertaining to the project contract are summarized below:
| Particulars | Details |
|---|---|
| Client Entity | Maharashtra Maritime Board |
| Project Scope | Preparation of a Detailed Project Report (DPR) for New Marine Shipyard Cluster (MSC), including Geotechnical Investigation and Topographic Survey at Dighi, District Raigad |
| Transaction Nature | Domestic / Cash Consideration |
| Total Contract Amount | Rs. 2,16,82,500/- (Rupees Two Crore Sixteen Lakh Eighty Two Thousand Five Hundred Only) |
The work is subject to necessary approvals from governmental authorities, and the entire project is scheduled for completion as per the Letter of Acceptance.
Stock Price Movement
Monarch Surveyors and Engineering Consultants Ltd shares closed at ₹218.45 on Thursday, delivering strong performance after rising 4.97%. The stock navigated an intraday range, trading between a low of ₹210.05 and the closing high of ₹218.45.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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