Markolines Pavement Technologies Limited receives work orders from Vadodara Kim Expressway Pvt. Ltd

Integrated highway maintenance solution company, Markolines Pavement Technologies Limited today announced that it has received two orders totaling to Rs.16.76 crores from Vadodara Kim Expressway Pvt. Ltd. As a part of the contract, the company will undertake restoration work for areas damaged by rainwater runoff at its project site. Both the orders will be executed by Markolines Pavement Technologies Limited by July 31, 2025.

Established in 2002, Markolines has transformed into the country's largest highway maintenance company. The company has so far undertaken 113.70 lakhs sqm of micro surfacing work across the country and has a total unexecuted order book of Rs.350+ crores as on April 30, 2025.

Commenting on the new orders, Mr. Sanjay Patil, Founder and Chairman & Managing Director, Markolines Pavement Technologies Limited, said, "There is a significant momentum in India's infrastructure sector, particularly pertaining to Highways and Expressways, in the last one decade or so.

Estimates suggests that the country's national highway network expanded by nearly 60 per cent to 1,46,204 km in 2024, up from 91,287 km in 2014. With our expertise in providing efficient solutions in operating and maintaining infrastructure assets, we have seen huge growth in potential for our business. The current order from Vadodara Kim Expressway Pvt. Ltd. is testament to our innovative approach and our pioneering role in handling highway maintenance. We believe the increasing thrust by the government on improving the highway infrastructure will augur well for our company moving forward."

Shares of Markolines Pavement Technologies Limited was last trading in BSE at Rs. 150.65 as compared to the previous close of Rs. 149.10. The total number of shares traded during the day was 126400 in over 96 trades.

The stock hit an intraday high of Rs. 151.90 and intraday low of 148.10. The net turnover during the day was Rs. 18982440.00.

Source : Equity Bulls

Keywords

MarkolinesPavementTechnologies CivilConstruction INE0FW001016 OrderWin VadodaraKimExpressway