Construction Company Secures Order Worth Rs 24,74,98,281 From Varanasi Aurangabad NH-2 Tollway Pvt Ltd

The stock is up by 48 per cent from its 52-week low of Rs 107 per share.

Markolines Pavement Technologies Limited has secured a significant domestic work order valued at Rs 24,74,98,281 (inclusive of GST) from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. This contract entails the execution of Rehabilitation and Overlay (DBM BC & SMA) for Periodic Maintenance works on the Varanasi Aurangabad NH2 Tollway, specifically from Km 825 to Km 843, located in Uttar Pradesh. The project is slated for completion by June 30, 2025.

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 340 crore and has delivered good profit growth of 46 per cent CAGR over the last 5 years. The shares of the company have an ROE of 21 per cent and an ROCE of 27 per cent. The stock is up by 48 per cent from its 52-week low of Rs 107 per share.

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