Synopsis: Monarch Surveyors and Engineering Consultants Limited has secured a consultancy contract worth Rs. 16.47 crore for the Maharashtra Green Roads Connectivity for Inclusive Growth Program. The project has been awarded under a joint venture arrangement, with Monarch holding a 70 percent stake in the consortium.
Shares of Monarch Surveyors and Engineering Consultants Limited are likely to remain in focus after the company announced that it has received a Letter of Acceptance for consultancy services under the Maharashtra Green Roads Connectivity for Inclusive Growth Program.
Monarch Surveyors and Engineering Consultants Limited has a total market capitalization of approximately Rs. 304.21 crore. The company’s shares were trading at Rs. 211.10 apiece on the stock exchange, down by 4.91 percent during the session. The stock has declined around 2.76 percent over the last five trading sessions. The stock has declined around 9.65 percent over the last month, reflecting negative momentum. The stock touched a 52-week high of Rs. 435 and a 52-week low of Rs. 165.
Monarch Surveyors and Engineering Consultants Limited has secured the project through a joint venture arrangement, where the company holds a 70 percent partnership stake. The total project value stands at Rs. 23.53 crore, while Monarch’s share of the contract is valued at approximately Rs. 16.47 crore.
According to the company’s exchange filing, the contract pertains to the Appointment of Consultant for ADB/PISC Consulting Services for Program Implementation Support Consultant under the Maharashtra Green Roads Connectivity for Inclusive Growth Program.
The project has been awarded by the Maharashtra Rural Roads Development Association (MRRDA) and aims to support the implementation and monitoring of road connectivity infrastructure projects across the state. The initiative is expected to focus on improving rural transportation infrastructure while promoting inclusive economic growth and sustainable connectivity.
As part of the assignment, the consultant will provide implementation support services, project monitoring, technical advisory assistance, and other engineering consultancy services required for successful execution of the program.
The project is expected to be funded under a framework involving the Asian Development Bank (ADB), highlighting the growing role of international development agencies in supporting infrastructure development initiatives across India.
The latest order strengthens Monarch’s order book and further reinforces its presence in the civil engineering consultancy segment. Road infrastructure development continues to remain a major focus area for both central and state governments, creating significant opportunities for consultancy firms involved in project planning, supervision, and implementation support.
The company clarified that the contract has been awarded by a domestic entity and does not fall under related-party transactions. Additionally, the promoters and promoter group entities do not have any interest in the awarding authority.
India’s continued push toward infrastructure modernization, rural connectivity enhancement, and sustainable transportation development is expected to drive demand for specialized engineering and project management consultancy services in the coming years.
Incorporated in 1999, Monarch Surveyors and Engineering Consultants Limited provides a wide range of civil engineering consultancy services. The company offers project management consultancy, engineering design, supervision, survey services, transportation planning, and infrastructure advisory solutions across multiple sectors.
The new Rs. 16.47 crore consultancy contract is expected to contribute to the company’s revenue visibility while strengthening its credentials in executing large-scale government-backed infrastructure development projects.
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