Rs 350+ crore order book: Construction company bags 2 orders worth Rs 16,75,82,305 from Vadodara Kim Expressway Pvt Ltd

The stock is up by 47.66 per cent from its 52-week low of Rs 107 per share.

Markolines Pavement Technologies Limited has secured two new work orders from Vadodara Kim Expressway Pvt Ltd., collectively valued at Rs 16,75,82,305 (approximately Rs 16.76 crores). These contracts involve essential restoration work on areas damaged by rainwater runoff at the project site. Markolines Pavement Technologies Limited, established in 2002 and recognised as the country's largest highway maintenance company, expects to complete both orders by July 31, 2025. As of April 30, 2025, the company boasts an impressive unexecuted order book exceeding Rs 350 crores and has completed 113.70 lakhs sqm of micro surfacing work nationwide.

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 about Highways and Expressways, in the last one decade or so. Estimates suggest 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 the 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.”

About the Company

Markolines Pavement Technologies Ltd (MPTL), a company established in 2002, specialises in providing comprehensive highway operations and maintenance services. With a focus on road marking, MPTL has successfully managed over 20,000 lane kilometres of National Highways in India. The company offers a wide range of services, including preventive maintenance, major maintenance and repairs, specialised maintenance techniques like micro surfacing and cold in-place recycling, and specialised construction projects such as soil stabilisation and tunnelling. MPTL has a strong client base, collaborating with prominent companies like Cube Highways, MMRDA, Larson & Toubro, Safeway Concessions, Ashoka, Actis, Highway Concessions, Tata Realty, Gammon, EIL and more.

The company has a market cap of over Rs 330 crore and the current order book is Rs 350₊ crore as on April 30, 2025 and another Rs 500 crore is in the pipeline at various stages of finalization. The shares of the company have an ROE of 16 per cent and an ROCE of 18 per cent. The stock is up by 47.66 per cent from its 52-week low of Rs 107 per share.

Disclaimer: The article is for informational purposes only and not investment advice.