Rs 365+ crore order book: Construction company receives multiple work orders worth Rs 12,32,05,871
DSIJ Intelligence-1Categories: Mindshare, Trending
The company has a market cap of Rs 350 crore with the current order book of Rs 365+ crore as of January 2026 and another Rs 500 crore is in the pipeline at various stages of finalisation.
Markolines Pavement Technologies Limited has secured multiple domestic work orders with a cumulative value of Rs 12,32,05,871 (inclusive of GST). These contracts involve specialised pavement maintenance and infrastructure enhancement across various regions in India. With these new wins, the company’s total unexecuted Order Book has grown to over Rs 365 crore+, highlighting a steady pipeline of projects in the highway maintenance and specialised surfacing sector.
The two largest individual orders come from NI Road Infra Pvt Ltd, valued at Rs 5,56,24,215, and Thrissur Expressway Ltd., valued at Rs 3,92,14,907.55. Both projects focus on micro-surfacing works and are scheduled for completion on or before February, 2026. The Thrissur project specifically covers a net length of 28.355 Kms between Km 240 to km 270, while the NI Road Infra project targets the AM2 project site.
Other significant contracts include a Rs 96,93,700 order from Unitics Infrastructure and Technology Pvt Ltd and a Rs.1,61,51,435.44 project for the Jawaharlal Nehru Port Authority to improve the north gate flyover wearing coat. Additionally, Andhra Pradesh Expressway Pvt Ltd awarded a Rs 25,21,612.80 contract for work on NH-7 under the North-South Corridor. These projects are slated for completion between January 2026 and April 2026, demonstrating the company's broad operational reach.
About the Company
Since its founding in 2002, Markolines has grown into India's largest highway maintenance and specialised Construction company, pioneering modern maintenance techniques and completing 4,870 lane kilometres of work. Their confirmed order book now exceeds Rs 365+ crores. Markolines Pavement Technologies Limited recently migrated to BSE's Mainboard on June 12, 2025, and their board has approved a merger with Markolines Infra Limited, pending regulatory approvals. This merger is expected to establish Markolines as the largest company in the highway Operations & Maintenance (O&M) sector.
The company has a market cap of Rs 350 crore with the current order book of Rs 365+ crore as of January 2026 and another Rs 500 crore is in the pipeline at various stages of finalisation. The shares of the company have an ROE of 16 per cent and an ROCE of 18 per cent. The stock is up over 50 per cent from its 52-week low of Rs 107 per share.
Disclaimer: The article is for informational purposes only and not investment advice.