Disclosure of Press Release of the Company for receipt of 2 work orders from Vadodara Kim Expressway Pvt. Ltd.
MARKOLINES · price
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Markolines Pavement Technologies Limited has secured two work orders totalling Rs. 16.76 crores (inclusive of GST) from Vadodara Kim Expressway Pvt. Ltd. for restoration work on areas damaged by rainwater runoff at the expressway project site. Both orders must be completed by July 31, 2025. The company, described as India's largest highway maintenance company, reported an existing unexecuted order book of over Rs. 350 crores as of April 30, 2025, and has previously completed 113.70 lakh sqm of micro surfacing work nationwide. The Chairman highlighted strong momentum in India's highways and expressways sector, noting national highway network expansion of nearly 60% over the past decade.
The new orders add positively to the company's already strong order book of Rs. 350+ crores, providing near-term revenue visibility with execution by end-July 2025. This reinforces the company's position in the growing highway maintenance sector, though the order size relative to existing book is modest.