Markolines Pavement Technologies Limited has announced that it has received multiple work orders from various clients with a cumulative value of ₹439.74 crore, inclusive of GST. The company disclosed the development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The largest order in the announcement comes from Indo British Group of Schools for the turnkey development of school infrastructure across Pune, Hyderabad and Nashik. The contract is valued at ₹294.38 crore and is scheduled to be executed within 12 months from the date of site handover or commencement letter.
In addition to the education infrastructure project, Markolines Pavement Technologies has also secured several road construction and pavement-related orders.
Varanasi Aurangabad NH-2 Tollway Private Limited has awarded two contracts to the company. The first order, valued at ₹75.28 crore, involves SMA work at staggered locations in the Bihar section of the NH-2 project from km 843 to km 978. The work includes Dense Bituminous Macadam (DBM) and Bituminous Concrete (BC) on the prepared surface and is scheduled for completion on or before May 2026.
The same client has also issued another work order worth ₹43.46 crore for miscellaneous works at staggered locations in the BR3 section in Bihar between km 938 and km 978 on the NH-2 project. This work is required to be completed within 90 days from the date of the order.
Markolines Pavement Technologies has also received a contract from Bharat Vanijya Eastern Private Limited valued at ₹21.76 crore. The project involves providing and laying DBM and BC for the four-laning of the Arrah to Pararia section of NH-319 (old NH-30) in Bihar under Bharatmala Pariyojana Phase I on EPC mode. The execution period for this project is three months, including the mobilisation period.
Another order valued at ₹4.84 crore has been awarded by Delhi Hapur Meerut Expressway Private Limited. The contract relates to pavement works under periodic maintenance and is scheduled to be completed on or before March 2026.
The company clarified in its disclosure that all the contracts have been awarded by domestic entities and none of them fall under related party transactions. It also stated that the promoter or promoter group does not have any interest in the entities awarding these contracts.