Monarch Surveyors Secures ₹16.47 Crore Mandate for Maharashtra Green Roads Connectivity Program
Monarch Surveyors and Engineering Consultants Limited, a civil infrastructure consulting firm, has secured a significant consultancy mandate related to the Maharashtra Green Roads Connectivity for Inclusive Growth Program. The company received the Letter of Acceptance (LoA) for providing ADB/PISC Consulting Services as the Program Implementation Support Consultant (PISC).The project, which is being awarded by the Maharashtra Rural Roads Development Association (MRRDA), involves providing implementation support services aimed at developing sustainable and inclusive rural road connectivity infrastructure across Maharashtra. This initiative is expected to boost rural accessibility and support environmentally sustainable transportation infrastructure development.
Monarch holds a 70% partnership stake in this project through a Joint Venture arrangement. The total value of the consultancy assignment stands at ₹23.53 crore, with Monarch’s share amounting to approximately ₹16.47 crore.
The contract strengthens Monarch's position within the transportation and infrastructure consulting sector, reinforcing its history of managing large scale government supported projects.
Commenting on the achievement, Mr. Sunil Kokare, Director - Business at Monarch Surveyors and Engineering Consultants Limited, stated that securing the mandate for the Maharashtra Green Roads Connectivity Program reaffirms their status in the transportation infrastructure segment. He added that it reflects the confidence placed by governmental agencies in the firm's technical expertise and execution capabilities to support rural connectivity and sustainable development across Maharashtra.
Company Background
Founded in 1999, Monarch Surveyors and Engineering Consultants Ltd. is a publicly listed leader providing comprehensive consulting services for transformative projects spanning railways, roads, urban development, and industrial corridors. The company delivers specialized services including detailed engineering design, DPRs, land acquisition planning, geospatial mapping using LiDAR and 3-D scanning, and project management in infrastructure consulting.The following table summarizes the key financial details of the mandate:
| Metric | Value |
|---|---|
| Total Project Value | ₹23.53 crore |
| Monarch's Share (70% stake) | ₹16.47 crore |
| Client/Awarding Body | Maharashtra Rural Roads Development Association (MRRDA) |
Stock Price Movement
As of 15:21, Monarch Surveyors and Engineering Consultants Ltd. shares are dipping 5.00% to trade at ₹210.90. The stock traded within an intraday range that included a high of ₹225.00 before settling at the current low.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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