Monarch Surveyors Secures Rs 5.25 Crore Contract for Land Housing Survey Project
Monarch Surveyors and Engineering Consultants Ltd has secured a contract valued at Rs 5,25,00,000 to conduct land and housing surveys for Village Nandgaon, Kudawe, and Wadiwali under Town Planning scheme No. 11. The project was awarded by the City and Industrial Development Corporation (Maharashtra) Limited.The company received the Letter of Acceptance (LOA) for undertaking the survey work, which is categorized as a domestic contract.
Details pertaining to the contract and the engagement with the client are summarized below:
| Particulars | Details |
|---|---|
| Client | City and Industrial Development Corporation (Maharashtra) Limited |
| Scope of Work | Land and housing survey for Village Nandgaon, Kudawe and Wadiwali under Town Planning scheme No. 11. |
| Contract Value | Rs 5,25,00,000/- (Rupees Five crore Twenty-five lakh Only) |
| Transaction Nature | Domestic contract with cash consideration. |
The engagement is noted as a domestic transaction, and the work falls under the category of conducting land and housing surveys related to Town Planning scheme No. 11.
As per the contractual details, the project involves carrying out necessary land and housing survey for the specified villages. The time period for completion of the entire work will be determined as per the Letter of Acceptance terms.
The contract structure confirms that there is no interest from the promoter or the promoter group in the work contract, meaning the transaction does not fall within related party transactions, and both parties are operating at arm's length.
Stock Price Movement
As of 15:22, shares of Monarch Surveyors and Engineering Consultants Ltd are ticking down by 2.06%, trading at ₹207.15. The stock saw movement during the day, dipping to a low of ₹206.45 after achieving an intraday high of ₹214.95.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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