Monarch Surveyors and Engineering Consultants (Monarch Surveyors) saw its shares rise after the company secured a contract worth Rs 1.3 bn from Northern Railway for survey and land acquisition work. The stock surged 12.63 per cent to Rs 244.40 following the announcement. The contract covers a range of preparatory assignments linked to railway projects across Northern Railway.

The scope of work includes Final Location Survey, geotechnical studies, design and preparation of drawings, and other preliminary activities necessary for detailed project reports, land acquisition and engineering, procurement and construction tender documentation. The assignment also encompasses facilitation of the Competent Authority for Land Acquisition for projects such as new lines, bypass and chord lines, doubling and multi-tracking, and flyover works. The project is scheduled for execution within 36 months from the date of the letter of acceptance. The contract has been awarded by a domestic entity and will be carried out within India on a cash consideration basis subject to requisite governmental approvals.

The company stated that the transaction does not constitute a related party transaction and that neither promoters nor promoter group companies have any interest in the awarding entity. Monarch Surveyors provides end-to-end consultancy for infrastructure projects, including survey, design and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water projects, transmission lines, pipelines and other civil engineering sectors. The breadth of services positions the company to support complex preparatory work for transport and infrastructure schemes.

In its latest reported financial year the company posted a 16.1 per cent rise in standalone net profit to Rs 348.3 mn on a 10.5 per cent increase in revenue to Rs 1.5414 bn in FY25 compared with FY24. The firm will now mobilise resources for the Northern Railway contract while completing customary approvals and documentation. Market attention to such contract awards underlines the role of consultancy firms in advancing infrastructure delivery.