Monarch Surveyors Secures ₹16.47 Crore Mandate Under Maharashtra Green Roads Programme

Mumbai, June 11: Monarch Surveyors and Engineering Consultants has secured a consultancy mandate valued at approximately ₹16.47 crore under the Maharashtra Green Roads Connectivity Programme.

The company disclosed through a regulatory filing that it received a Letter of Acceptance (LoA) for providing ADB/PISC Consulting Services as Program Implementation Support Consultant (PISC) for the Maharashtra Green Roads Connectivity for Inclusive Growth Programme.

According to the press release, the project has been awarded under a joint venture arrangement in which Monarch Surveyors and Engineering Consultants holds a 70% participation stake.

The total project value stands at ₹23.53 crore, with Monarch’s attributable share amounting to nearly ₹16.47 crore.

The consultancy assignment has been awarded by the Maharashtra Rural Roads Development Association (MRRDA) and includes implementation support services linked to sustainable and inclusive rural road connectivity projects across Maharashtra.

The company stated that the programme is expected to support rural accessibility, regional economic activity and environmentally sustainable transportation infrastructure development.

Management commentary in the release highlighted the company’s growing execution pipeline in transportation infrastructure consulting and project management services.

Stock Market Snapshot

Monarch Surveyors share price is likely to remain in focus following the announcement of the consultancy mandate under the Maharashtra infrastructure programme.

The order adds to the company’s government-backed infrastructure consulting portfolio and strengthens visibility in the rural connectivity and transportation segment.

Investors continue to track infrastructure-linked consultancy firms amid rising public expenditure on roads, connectivity projects and regional development programmes across states.

Market participants are also closely monitoring execution pipelines for engineering consultants participating in rural infrastructure modernisation and sustainable transport initiatives.

Mandate Expands Rural Infrastructure Consulting Portfolio

The Maharashtra Green Roads Connectivity Programme aims to improve inclusive and environmentally sustainable rural transportation infrastructure across the state.

Monarch Surveyors stated that the assignment further reinforces its position in transportation infrastructure consultancy and implementation support services.

The company added that it remains focused on leveraging its project management, engineering design and geospatial mapping capabilities for large-scale government infrastructure programmes.

The consultancy mandate also reflects continuing opportunities for engineering advisory firms participating in public infrastructure expansion supported by multilateral and state-backed development programmes.

Company Background

Monarch Surveyors and Engineering Consultants Ltd provides infrastructure consulting and engineering services across transportation, highways, industrial corridors and urban infrastructure projects.

Its service portfolio includes project management consultancy, geospatial mapping, LiDAR and 3D scanning, infrastructure planning and engineering design solutions.

Conclusion

The ₹16.47 crore consultancy mandate strengthens Monarch Surveyors’ order pipeline and expands its participation in Maharashtra’s rural infrastructure and connectivity initiatives.

The project also underlines continued government emphasis on sustainable transport development and rural accessibility improvement through structured infrastructure programmes.

Source:

• https://www.bseindia.com/stock-share-price/monarch-surveyors-and-engineering-consultants-ltd/msecl/544453
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/9d0cff89-acc1-4583-b581-d8695cd4a53b.pdf