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Business Update29 Jun 2026, 06:40 pm

Monarch Surveyors Wins ₹1.23 Cr Project in Maharashtra

AI Summary

Monarch Surveyors and Engineering Consultants Ltd has secured a Letter of Acceptance (LOA) for a project valued at ₹1,23,40,000. The project involves designing a Groynes Style Dyke, Jetty, and Approach Road Construction for Akshi Sakhar in Alibaug Taluka, Raigad, Maharashtra. The contract is with the Maharashtra Maritime Board and is considered a domestic work contract. The company expects to commence work immediately, with completion timelines as per contract terms. Necessary governmental approvals are pending.

Key Highlights

  • Secured ₹1.23 Cr project for dyke, jetty, and road construction.
  • Project awarded by Maharashtra Maritime Board.
  • Work to commence immediately with standard completion timelines.
  • Transaction is not a related party transaction.