Rs 400+ crore order book: Construction company bags 4 orders worth Rs 30 Crore in New Work Orders
DSIJ Intelligence-2 / 30 Jul 2025/ Categories: Mindshare, Trending
The stock is up by 32.20 per cent from its 52-week low of Rs 107 per share.
Markolines Pavement Technologies Limited has announced the receipt of multiple new work orders. On July 30, 2025, the company disclosed that it had secured new contracts cumulatively amounting to Rs 30,38,65,274.34. The company's performance on previous work orders was cited as the basis for these additional awards, which are seen to strengthen its credibility and demonstrate client trust. The total unexecuted order book of the company as of the disclosure date stands at Rs 400+ Crores.
The newly awarded contracts include four significant orders, all from domestic entities, detailing various civil and road infrastructure projects. The first order, valued at Rs 3,40,64,234 (inclusive of GST), was awarded by Athaang Dichpally Tollway Pvt. Ltd. This contract is for rectification works of flexible pavement with micro-surfacing on a section of NH-44, specifically from Armur to Adloor Yellareddy, covering km 313.507 to km 373.762 in Telangana. The time period for its completion is 3 months excluding the monsoon period.
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The Pune Municipal Corporation awarded two separate work orders to Markolines. The first, for Package 9, is valued at Rs 7,14,33,757.94 (inclusive of GST). This project involves preventive maintenance and allied work for roads in Pune City. The second contract from Pune Municipal Corporation, for Package 10, is valued at Rs 7,14,39,129.30 (inclusive of GST). This also pertains to preventive maintenance and allied work for roads in Pune City. Both Pune Municipal Corporation projects are slated for completion up to May 2026.
The fourth order, for Rs 12,69,28,153 (inclusive of GST), was received from NCC Limited (formerly Nagarjuna Construction Company Limited). This contract is for piling works at the 454 MLD Malad WwTF Project. The execution time period for this project is also 3 months excluding the monsoon period. For all four orders, the company confirmed that neither the promoter nor promoter group/group companies have any interest in the entities that awarded the orders, and the transactions do not fall under related party transactions.
About the Company
Markolines Pavement Technologies Ltd (MPTL), a company established in 2002, specialises in providing comprehensive highway operations and maintenance services. With a focus on road marking, MPTL has successfully managed over 20,000 lane kilometres of National Highways in India. The company offers a wide range of services, including preventive maintenance, major maintenance and repairs, specialised maintenance techniques like micro surfacing and cold in-place recycling, and specialised construction projects such as soil stabilisation and tunnelling. MPTL has a strong client base, collaborating with prominent companies like Cube Highways, MMRDA, Larson & Toubro, Safeway Concessions, Ashoka, Actis, Highway Concessions, Tata Realty, Gammon, EIL and more.
The company has a market cap of over Rs 330 crore and the current order book is Rs 400+ crore as on July 30, 2025. The shares of the company have an ROE of 16 per cent and an ROCE of 18 per cent. The stock is up by 32.20 per cent from its 52-week low of Rs 107 per share.
Disclaimer: The article is for informational purposes only and not investment advice.