This small-cap construction company received a work order worth Rs 225 crore

Shares of the company jumped more than 10 per cent in the morning trade.

On February 6, 2023, Markolines Pavement Technologies Limited informed in the exchange filing that its associate company “UNIQUEUHPC MARKOLINES LLP” has received a letter of an award which is worth Rs 225.17 crore (excluding GST), from an Indian company, for the construction of a 24 per cent of the four lanning part of Ramban to Banihal section of NH-1A. Including the construction of a twin tube tunnel in the union territory of Jammu & Kashmir on EPC mode -from Banihal end. The duration of this work is 30 months. Markolines Pavement Technologies Limited holds 50 per cent equity of the UniqueUHPC Markolines LLP.

Markolines Pavement Technologies Limited's business operations are broadly divided into three categories: Highway Operations under which the company provide services like toll operations. Route patrolling and incident management, highway maintenance under which it provides services like routine maintenance, preventive maintenance and major maintenance and repairs, and specialized maintenance services under which it provides services which enhance the life and quality of the road, these are micro-surfacing, base stabilization and cold in-place recycling.

Today, the stock opened at Rs 149.80, with a high and low of Rs 156.70 and Rs 149.80. The stock is currently trading at Rs 155.20, up by 11.13 per cent. The stock has a 52-week high of Rs 207.00 and a 52-week low of Rs 59.35. The company has a ROCE of 26.5 per cent and an ROE of 21.4 per cent, with a market capitalization of Rs 338 crore.