Disclosure of Press Release of the Company for receipt of additional Letter of Award from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd.
MARKOLINES · price
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Markolines Pavement Technologies has received an additional Letter of Award worth Rs. 18.87 crores (inclusive of GST) from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. for Rehabilitation and Overlay (BC) periodic maintenance work on the Varanasi Aurangabad NH-2 tollway in Uttar Pradesh. The company expects to complete the project within three months, excluding the monsoon period. This follows two recent orders totalling Rs. 16.76 crores from Vadodara Kim Expressway for rainwater damage restoration in Gujarat. The company's confirmed order book now exceeds Rs. 400 crores. The stock recently migrated to BSE's Mainboard platform on June 12, 2025, and the board has approved a merger with Markolines Infra Limited.
This new order strengthens the company's revenue pipeline and reinforces its position as a leading highway maintenance provider. Back-to-back order wins and a Rs. 400+ crore order book signal positive near-term topline momentum for shareholders.