<h1>Monarch Surveyors Wins Contract for Integrated GIS-Based Urban Spatial Data Development</h1>
Monarch Surveyors and Engineering Consultants Ltd has secured a significant contract with the Ratnagiri Municipal Council, involving the integrated GIS-Based Urban Spatial Data Development project. The company received the Letter of Acceptance for this consultancy appointment, with the total order value amounting to Rs. 4,66,25,976/- (Rupees Four Crore Sixty-Six Lakh Twenty-Five Thousand Nine Hundred Seventy-Six Only).
The contract involves comprehensive urban planning services commissioned by Ratnagiri Municipal Council in Ratnagiri. The scope of work includes Base Map preparation, Existing Land Use analysis, Underground Utility Mapping, and Development Plan Preparation as per MRTP Act 1966.
The project is defined as a domestic transaction involving the appointment of agencies for specialized urban data development. Monarch Surveyors will commence the work immediately following the Letter of Acceptance, with the estimated completion timeline guided by the contract terms. The compensation mechanism for this assignment is Cash Consideration.
Key details regarding the consultancy contract are summarized below:
| Particulars | Details |
|---|---|
| Target Entity | Ratnagiri Municipal Council, Ratnagiri |
| Transaction Type | Domestic |
| Contract Objects and Effects | Appointment for Integrated GIS-Based Urban Spatial Data Development, including Base Map preparation, Existing Land Use mapping, Underground Utility Mapping, and Development Plan Preparation as per MRTP Act 1966. |
| Total Contract Amount | Rs. 4,66,25,976/- (Rupees Four Crore Sixty-Six Lakh Twenty-Five Thousand Nine Hundred Seventy-Six Only) |
| Nature of Transaction | The transaction does not fall within related party transactions, and the promoter group has no interest in the work contract. |
| Time Period for Completion | Work is expected to commence immediately based on the letter of acceptance. |
Stock Price Movement
Monarch Surveyors and Engineering Consultants Ltd closed higher on Friday, settling at ₹227.25, representing a 1.81% increase for the shares. The stock traded during the session within an intraday range spanning from ₹226.00 to ₹227.50.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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