Monarch Surveyors Secures ₹130 Crore Contract from Northern Railway
Monarch Surveyors rallies on bagging Rs 130-cr Northern Railway contract
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Monarch Surveyors and Engineering Consultants has seen a 12.63% stock surge to ₹244.40 after winning a ₹130 crore contract from Northern Railway. The contract involves conducting surveys and land acquisition for railway projects, to be completed within 36 months.
- 01Monarch Surveyors secured a ₹130 crore contract from Northern Railway.
- 02The contract entails survey and land acquisition-related works.
- 03Execution timeline for the project is set at 36 months.
- 04The company reported a 16.1% rise in standalone net profit for FY25.
- 05No related party transactions are involved in this contract.
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Monarch Surveyors and Engineering Consultants has experienced a significant stock increase of 12.63%, reaching ₹244.40, following the announcement of a ₹130 crore contract awarded by Northern Railway. This contract focuses on survey and land acquisition tasks, including conducting Final Location Surveys (FLS) and geotechnical studies, as well as preparing detailed project reports (DPRs) and tender documentation for various railway projects. The project is expected to be completed within 36 months from the acceptance date. Monarch Surveyors, which provides comprehensive consultancy services for infrastructure projects, reported a 16.1% increase in standalone net profit to ₹34.83 crore for FY25, alongside a 10.5% rise in revenue to ₹154.14 crore compared to FY24. The company clarified that the contract does not involve any related party transactions and is subject to necessary governmental approvals.
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The contract will enhance infrastructure development in the railway sector, potentially benefiting local economies and job creation.
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