Rs 400+ crore order book: Road construction company bags order worth Rs 18,87,64,716 from Varanasi Aurangabad NH-2 Tollway Pvt Ltd
The stock is up by 61.7 per cent from its 52-week low of Rs 107 per share.
Markolines Pavement Technologies Limited has secured an additional Letter of Award (LoA) valued at Rs 18.87 crore (inclusive of GST) from Aurangabad NH-2 Tollway Private Limited (VATPL). This LoA is for periodic maintenance work, specifically the rehabilitation and overlay (BC) of the service road along the Varanasi Aurangabad NH-2 Tollway, covering Km 786 to Km 843 in Uttar Pradesh. This new order strengthens Markolines' credibility, demonstrating the client's continued trust based on prior performance. The project is expected to be completed within three months, excluding the monsoon period.
With this new award, Markolines Pavement Technologies Limited's total unexecuted order book now exceeds Rs 400 crore. This domestic contract follows two recent orders totalling Rs 16.76 crore from Vadodara Kim Expressway Pvt. Ltd. for restoration work in Gujarat, further solidifying Markolines' position as an integrated highway maintenance solutions provider.
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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 400 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 over Rs 360 crore and the current order book is Rs 400+ crore as on April 30, 2025, 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 by 61.7 per cent from its 52-week low of Rs 107 per share.
Disclaimer: The article is for informational purposes only and not investment advice.