Construction Company Bags Orders Worth Rs 3,75,58,060 From Beawar Pali Pindwara Tollway Pvt Ltd

Markolines Pavement Technologies Limited has received a Work Order worth Rs 3,75,58,060 (exclusive of GST) from Beawar Pali Pindwara Tollway Pvt Ltd. for pavement rectification works (Service Roads & MCW) at Section-1 to 4.

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 300 crore and has delivered good profit growth of 46 per cent CAGR over the last 5 years. The shares of the company have an ROE of 21 per cent and an ROCE of 27 per cent. The stock is up by 36 per cent from its 52-week low of Rs 107 per share.

Disclaimer: The article is for informational purposes only and not investment advice.