The Monarch Surveyors and Engineering Consultants Ltd receives LOA worth Rs. 22.78 crores

The Monarch Surveyors and Engineering Consultants Limited is pleased to announce that it has recently received Letter of Acceptance for carrying out Final Location Survey (geotechnical studies, design, preparation of drawings) and other preliminary activities for preparation of DPR,EPC tender documents in connection with upcoming survey work for Newline, Bypass line, Doubling/Multi-tracking, flyover etc. in North Central Railway and the total order value of the project is Rs. 22,78,64,358.25 (Rupees Twenty-Two Crore Seventy - Eight Lakh Sixty-Four Thousand Three Hundred and Fifty - Eight Rupees and Twenty - Five Paise 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. 180.30 as compared to the previous close of Rs. 183.00. The total number of shares traded during the day was 13800 in over 21 trades.

The stock hit an intraday high of Rs. 183.10 and intraday low of 180.00. The net turnover during the day was Rs. 2498250.00.

Source : Equity Bulls

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