Regulatory Disclosure Details
Contract Award Details
Monarch Surveyors and Engineering Consultants Limited has 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 Program.
Financial Terms
The total project value is ₹23.53 crore. The project was awarded under a Joint Venture arrangement where Monarch holds a 70% partnership stake, resulting in Monarch's share amounting to approximately ₹16.47 crore.
Client Information
The consultancy assignment has been awarded by the Maharashtra Rural Roads Development Association (MRRDA).
Project Scope
The mandate involves providing implementation support services for the development of sustainable and inclusive rural road connectivity infrastructure across Maharashtra. The program aims to enhance rural accessibility, promote economic development, and support environmentally sustainable transportation infrastructure.
Strategic Significance
The company states that this order strengthens its position in the transportation and infrastructure consulting segment and reinforces its growing track record in delivering large-scale government-backed infrastructure projects.
Management Commentary
Mr. Sunil Kokare, Director – Business, commented: "We are pleased to secure this important mandate under the Maharashtra Green Roads Connectivity Program. The project strengthens our position in the transportation infrastructure segment and reflects the confidence that government agencies continue to place in our technical expertise and execution capabilities. With our strong track record in infrastructure consulting and project management, we are well-positioned to support the successful implementation of this program while contributing to improved rural connectivity and sustainable infrastructure development across Maharashtra."
Additional Information
The press release will be available on the company's website at https://www.monarchconsultants.in/. The disclosure was signed by Dattatraya Mohaniraj Karpe, Managing Director (DIN: 01155398).