Markolines Pavement Technologies shares will be in focus after the company announced that it has secured a significant work order worth ₹24.74 crore (inclusive of GST) from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd.
According to the regulatory filing, the contract entails the execution of rehabilitation and overlay works (DBM, BC & SMA) for periodic maintenance on a section of the NH-2 tollway between Km 825 to Km 843 in Uttar Pradesh. The project is scheduled to be completed by June 30, 2025.
The company also confirmed that the order does not fall under related party transactions and that none of the directors, promoters, or group companies have any interest in the awarding entity.
Shares of Markolines may react positively to the news as the project adds to the company’s ongoing domestic portfolio in road infrastructure and maintenance.
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