Disclosure of receipt of additional letter of award from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd.
MARKOLINES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Markolines Pavement Technologies has secured an additional work order worth Rs. 18.88 crore (including GST) from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. for rehabilitation, overlay and periodic maintenance works on a stretch of NH-2 from Km 786 to Km 843 in Uttar Pradesh. The project is to be completed in 3 months, excluding the monsoon period. The company mentioned that this repeat order came on the back of its performance on an earlier contract, strengthening its credibility with the client. The total unexecuted order book of the company stands at over Rs. 400 crore.
This is a modest follow-on order that adds to an already healthy Rs. 400+ crore order book, signalling continued client trust and providing short-term revenue visibility, though the order size alone is unlikely to move the stock materially.