Rs 340+ crore order book: Construction company receives multiple work orders worth Rs 439.75 Crore
The company has a market cap of over Rs 355.94 crore. The stock price has surged over 110.69 per cent in last 1 year.
✨ AI Powered Summary
On Thursday, shares of Markolines Pavement Technologies Ltd jumped 1.65 per cent to Rs 161.75 per share from its previous closing of Rs 159.12 per share. The stock’s 52-week high is Rs 188 per share and its 52-week low is Rs 131.65 per share. The stock surged 3.60 per cent to its Intraday high of Rs 164.85.
As of 11:57:16 IST, the shares were trading at Rs 161.75 apiece on the NSE.
Navi Mumbai-headquartered Markolines Pavement Technologies Ltd has announced that it has secured multiple work orders aggregating to Rs 4,39,74,68,973 (inclusive of GST), strengthening its Order Book across highway infrastructure and turnkey educational projects.
The company has received two significant orders from Varanasi Aurangabad NH-2 Tollway for projects in Bihar. The first contract, valued at Rs 75.28 crore, involves providing and laying Dense Bituminous Macadam (DBM) and Bituminous Concrete (BC) at staggered locations between km 843 and km 978, with completion targeted by May 2026.
The second order from the same client, worth Rs 43.47 crore, covers miscellaneous works in the BR3 section between km 938 and km 978, to be completed within 90 days.
In addition, Bharat Vanijya Eastern Private Ltd has awarded a Rs 21.76 crore contract for DBM and BC laying, including milling works, for the four-laning of the Arrah to Pararia section of NH 319 in Bihar under Bharatmala Pariyojana Phase I. The execution timeline for this project is three months.
The company has also secured a Rs 4.85 crore contract from Delhi Hapur Meerut Expressway Private Ltd for periodic maintenance pavement works, scheduled for completion by March 2026.
In a major diversification move, Markolines has bagged a turnkey development contract worth Rs 294.39 crore from the Indo British Group of Schools (IBGS). The project entails turnkey development of school infrastructure in Pune, Hyderabad and Nashik. The project is expected to be completed within 12 months from the date of site handover or issuance of the commencement letter.
The company disclosed these work orders under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It clarified that all contracts have been awarded by domestic entities and do not involve any promoter or promoter group interest. The transactions also do not fall under related party transactions.
Markolines Pavement Technologies Ltd, headquartered in Navi Mumbai, specializes in high-end pavement technologies and infrastructure solutions. With the latest contracts, the company has significantly strengthened its presence in the highway infrastructure segment while expanding into the educational infrastructure space.
The company has a market cap of over Rs 355.94 crore. The stock price has surged over 110.69 per cent in last 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.