Monarch Surveyors Secures ₹130 Crore Railway Consultancy Contract from Northern Railway

Monarch Surveyors and Engineering Consultants Limited (BSE: 544453), engaged in civil infrastructure consulting services, has secured a contract valued at ~₹130 crore from Northern Railway (CALA) for providing comprehensive consultancy services for railway infrastructure projects.

This represents the largest order secured by the Company till date, significantly scaling up its order book and strengthening multi-year revenue visibility.

The scope of work includes Final Location Survey (FLS), geotechnical investigations, design, preparation of drawings and other preliminary activities required for Detailed Project Reports (DPR), land acquisition and EPC tender documentation. The assignment also involves facilitation support to the Competent Authority for Land Acquisition (CALA) for railway projects including new lines, bypass/chord lines, doubling/multi-tracking and flyover works.

The contract will be executed over a period of 36 months, providing strong execution visibility and reinforcing Monarch's positioning in the railway infrastructure consultancy vertical.

Commenting on the development, Mr. Sunil Kokare, Director - Business, Monarch Surveyors and Engineering Consultants Limited, said: "This order from Northern Railway, being the largest order secured by the Company to date, marks a significant milestone in Monarch's growth journey. It reinforces our strong capabilities in railway infrastructure consultancy and our ability to execute large-scale, integrated assignments.

The comprehensive scope covering survey, geotechnical studies, design and land acquisition support highlights our end-to-end service capabilities and core competence. We continue to fortify our presence in the railway sector while also expanding across other infrastructure segments. With this order, we have significantly enhanced our order book, providing healthy visibility for the near to mid-term future and remain confident about the Company's growth strategy and outlook."

Shares of Monarch Surveyors and Engineering Consultants Limited was last trading in BSE at Rs. 217.00 as compared to the previous close of Rs. 215.05. The total number of shares traded during the day was 19800 in over 29 trades.

The stock hit an intraday high of Rs. 219.95 and intraday low of 195.10. The net turnover during the day was Rs. 4255170.00.

Source : Equity Bulls

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