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2026-10-22 11:43:09 am | Source: Accord Fintech
Monarch Surveyors gains on securing LoA worth Rs 48.10 crore from West Central Railway
Monarch Surveyors gains on securing LoA worth Rs 48.10 crore from West Central Railway

Monarch Surveyors and Engineering Consultants is currently trading at Rs. 244.90, up by 2.20 points or 0.91% from its previous closing of Rs. 242.70 on the BSE.

The scrip opened at Rs. 240.15 and has touched a high and low of Rs. 244.90 and Rs. 240.05 respectively. So far 1800 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 331.05 on 08-Sep-2026 and a 52 week low of Rs. 165.00 on 30-Mar-2026.

Last one week high and low of the scrip stood at Rs. 257.00 and Rs. 236.05 respectively. The current market cap of the company is Rs. 346.68 crore.

The promoters holding in the company stood at 72.35%, while Institutions and Non-Institutions held 6.32% and 21.33% respectively.

Monarch Surveyors and Engineering Consultants has received a Letter of Acceptance (LoA) from West Central Railway for an assignment valued at Rs 48.10 crore. The company will conduct Final Location Surveys (FLS) and provide associated engineering and planning services for railway infrastructure development projects. 

The mandate places Monarch at an important stage of India’s railway development journey--where precise surveys, robust investigations and well-considered planning translate into safer, faster and more resilient rail corridors. Beyond FLS, Monarch’s scope includes preparation of the Detailed Project Report (DPR), geotechnical investigations, signaling, electrical and operating/traffic works for the construction of electrified new lines, doubling, third and fourth lines, as well as flyover and bypass-line works.

The assignment will support the planning and development of railway infrastructure designed to increase network capacity, strengthen connectivity and enable the continued expansion of India’s rail transportation system. The project is subject to requisite approvals from the relevant government authorities and is scheduled for completion within 36 months from the date of issuance of the LoA.

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