Monarch Surveyors Wins ₹4.66 Cr GIS Project from Ratnagiri Municipal Council
Monarch Surveyors and Engineering Consultants Ltd has secured a significant work order from Ratnagiri Municipal Council for the preparation of GIS base maps, Existing Land Use (ELU), and assistance in GIS-based Development Plans. The total value of this domestic contract is ₹4,66,00,000 (Rupees Four Crore Sixty-Six Lakh Only). The company has confirmed that this transaction is not a related party transaction and does not involve any interest from promoters or promoter group companies. The project is expected to commence immediately, with completion timelines as per contract terms, and is subject to necessary governmental approvals. This contract marks a positive development for the company's business operations.
Key Highlights
- Secured a new work order worth ₹4.66 crore.
- Project involves GIS mapping and development plans for Ratnagiri Municipal Council.
- Transaction is a domestic contract and not a related party deal.
- Work to commence immediately with standard completion timelines.
- Subject to necessary governmental approvals.
Price Impact
More from MSECL