Markolines Pavement Technologies Limited has received Intimation to Start Work by BrihanMumbai Municipal Corporation ("BMC") in relation to the Two bids submitted by the Company for Improvement of Eastern Express Highway and Western Express Highway in Micro Surfacing as Pilot Projects.
BMC was pleased to award the work to the Company and also informed that its tender offers of cumulative estimate cost of both the bids which was Rs.50,80,26,784 was found to be lower (L-1) and further instructed the Company to start the work immediately on the projects. The formal work orders in this regard are awaited.
Shares of Markolines Traffic Controls Limited was last trading in BSE at Rs. 208.75 as compared to the previous close of Rs. 201.40. The total number of shares traded during the day was 92800 in over 105 trades.
The stock hit an intraday high of Rs. 216.00 and intraday low of 196.00. The net turnover during the day was Rs. 19311400.00.