Monarch Surveyors and Engineering Consultants Ltd receives order worth Rs. 3.29 crore

The Monarch Surveyors and Engineering Consultants Limited is pleased to announce that it has recently received a Letter of Award (LOA) for Consultancy Services for preparation of the Detailed Project Report (DPR) and provision of pre-construction services in respect of (a) upgradation of the existing 2-lane with paved shoulders (2L+PS) of the Agartala-Udaipur section to 4-lane with paved shoulders (4L+PS) from Km 6.800 to Km 55.00 of NH-08, and (b) development/upgradation of Udaipur (NH-08) to Amarpur in the State of Tripura. The project has been awarded under a Joint Venture (JV), in which the Monarch Surveyors and Engineering Consultants Limited holds a 51% partnership stake. The total order value of the project is Rs. 3,29,63,598 (Rupees Three Crore Twenty-Nine Lakh Sixty-Three Thousand Five Hundred Ninety-Eight only).

This is a significant development, and it is expected to positively impact the business operations of the Company.

Shares of Monarch Surveyors and Engineering Consultants Limited was last trading in BSE at Rs. 186.50 as compared to the previous close of Rs. 191.35. The total number of shares traded during the day was 23400 in over 31 trades.

The stock hit an intraday high of Rs. 194.00 and intraday low of 184.00. The net turnover during the day was Rs. 4401930.00.

Source : Equity Bulls

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MonarchSurveyorsandEngineeringConsultants INE0V0L01028 LOA OrderWin