Monarch Surveyors Wins Rs 75.1 Million Deal With East Central Railway

26 Mar 2026 CW Team

Monarch Surveyors has secured a contract worth Rs 75.1 million (Rs 75.1 mn) from East Central Railway. The scope of work covers structural design for new railway lines, doubling, third and fourth line projects, road overbridges, road underbridges, station buildings, foot overbridges, platform shelters and other ancillary structures under the Construction Organisation of East Central Railway in Patna. The award was made by a domestic entity and does not constitute a related party transaction, and the promoter group has no interest in the awarding body.

The project is to be executed over a period of 36 months from the date of issuance of the Letter of Acceptance and is subject to necessary regulatory approvals, with consideration payable in cash. Monarch Surveyors will provide end-to-end consultancy services including survey, design and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines and pipelines. The work covers both new alignment projects and capacity enhancement assignments.

The company reported a rise in standalone net profit of 16.1 per cent to Rs 348.3 million (Rs 348.3 mn) on revenue that increased by 10.5 per cent to Rs 1.54 bn in FY25 compared with FY24. The scrip declined 0.24 per cent to end at Rs 188.55 on the BSE. The order adds to the firm's pipeline and is expected to support revenue visibility over the contract period.

The award is likely to strengthen the company's footprint in railway infrastructure consultancy and could prompt further engagements from construction and project management units. Execution will require coordination with the railway construction organisation and timely regulatory clearances, emphasising the need for robust project management and technical supervision. Monarch Surveyors plans to deploy multidisciplinary teams to meet design and delivery timelines.

Real Estate

17 Apr 2026

Sarovar Hotels Taps Branded Residences And Targets Over 400 Hotels

Sarovar Hotels and Resorts (Sarovar) plans to tap branded residences as part of a strategic expansion that aims to take its portfolio to over 400 hotels in five years. The company intends to leverage brand licensing and management contracts to accelerate growth while maintaining an asset light approach. The move is positioned as an extension of its hospitality offerings into residential developments linked to its hotel brands. It will seek partnerships with property developers to co-create projects that align with its service standards and operational model. The company views branded residence..

Hyatt Eyes Aggressive India Expansion Through Acquisitions

Hyatt is pursuing an aggressive expansion strategy in India centred on acquisitions and strategic partnerships as it seeks to deepen its presence across the country. The group is reported to be evaluating a range of assets from established hotels to development sites in major and emerging markets. The plan is aimed at accelerating room growth and capturing rising demand across domestic and inbound travel segments. The company is said to favour a mix of asset acquisitions and management agreements to maintain flexibility while scaling. It is focusing on both gateway cities and secondary leisure..

Greater Noida West Housing Project To Be Revived

Local authorities have approved a plan to revive a stalled housing project in Greater Noida West, officials said, after prolonged delays left many homebuyers waiting for possession. The decision follows reviews of construction progress, financial viability and regulatory compliance, and the restart is to be overseen by a dedicated monitoring team. The revival plan aims to address unfinished work and restore contractor activity while ensuring that construction standards are met. Homebuyers are to be kept informed of timelines and milestones. The developer has been required to submit a revised p..