Markolines Pavement Technologies Ltd receives contract amounting to Rs. 18.87 crore

Markolines Pavement Technologies Limited, an integrated highway maintenance solution company, today announced the receipt of a contract amounting to Rs. 18.87 crore from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. As a part of the contract, Markolines Pavement will undertake execution of Rehabilitation, Overlay (BC) for periodic maintenance works at Varanasi Aurangabad NH-2 Tollway in Uttar Pradesh.

The company is hopeful of completing the project within three months (excluding the monsoon period). The Company had recently received two orders totalling to Rs. 16.76 crores from Vadodara Kim Expressway Pvt. Ltd. to undertake restoration work for areas damaged by rainwater runoff at its project site in the state of Gujarat.

Commenting on the receipt of this letter of award, Mr. Sanjay Patil, Founder & Chairman and Managing Director, Markolines Pavement Technologies Limited, said, "As an integrated highway maintenance solution provider, we have been continuously working on innovative and customised solutions to meet the demands of our customers. The receipt of this Letter of Award from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. certainly strengthens our credibility and demonstrates the trust our client has in us."

Mr. Vijay Oswal, Founder and Chief Financial Officer of Markolines Pavement Technologies Limited adds, "The country's infrastructure sector, particularly the Highways and Expressway sector, has been witnessing a significant growth momentum backed by the government's emphasis on providing world class facilities to drive economic growth. We expect to capitalise on this growth momentum with our experienced team and innovative offerings which is likely to give boost to our topline moving forward."

Founded in 2002, Markolines has transformed into the country's largest maintenance and specialized construction company in highway sector. With a strong focus on innovation and technology, we have been pioneers in introducing several modern maintenance techniques in India and till date have executed 4,870 lane Kms of highway maintenance work in India. As of today, our confirmed order book exceeds Rs.400 crores." Markolines Pavement has recently migrated to and started trading its securities on BSE's Mainboard plaƞorm effective June 12, 2025.

The Company's board has also approved the merger of Markolines Infra Limited with and into Markolines Pavement Technologies Limited, subject to regulatory approvals. The proposed merger will make Markolines the largest company in highway O&M sector.

Shares of Markolines Pavement Technologies Limited was last trading in BSE at Rs. 161.40 as compared to the previous close of Rs. 161.70. The total number of shares traded during the day was 64961 in over 337 trades.

The stock hit an intraday high of Rs. 164.45 and intraday low of 158.50. The net turnover during the day was Rs. 10477559.00.

Source : Equity Bulls

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