Monarch Surveyors has secured a detailed project report contract from the Maharashtra Maritime Board valued at Rs 20 million (mn). The contract was described in a company filing as a detailed project report, commonly abbreviated to DPR, for maritime infrastructure works. The award marks a commercial engagement between the surveyor and the state maritime agency. The assignment will be recorded as a notable contract in the company's order book and will contribute to consultancy income in the current reporting period.

The company indicated that the assignment will involve a survey, engineering assessment and preparation of planning documents required for project approvals. Monarch Surveyors will be responsible for topographical and hydrographic surveys, data analysis and technical recommendations that underpin the DPR. Deliverables will include mapped data sets and technical summaries suitable for submission to regulatory authorities. No further financial terms were disclosed in the filing.

The contract value is the equivalent of two crore rupees converted to million units for standard reporting and will be recorded in the company accounts under consultancy income. Monarch Surveyors is expected to follow statutory and environmental protocols while compiling the DPR, according to the filing. The Maharashtra Maritime Board oversees port and coastal infrastructure development within the state. The company reiterated its commitment to technical rigour and compliance with environmental safeguards while preparing the report.

The company said the engagement aligns with its strategic focus on maritime and infrastructure services and will be executed by its engineering division. Market analysts will monitor the progress of the DPR and any subsequent project approvals that could lead to execution contracts. The schedule for delivery will be disclosed in subsequent filings and the firm will report progress through its standard investor communications. The firm will disclose further developments in subsequent regulatory filings as required.