Disclosure of receipt of work orders from Vadodara Kim Expressway 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 received two work orders totalling Rs. 16.76 crore (inclusive of GST) from Vadodara Kim Expressway Pvt. Ltd. The orders are for Rain Cut Repair works at the company's expressway project site. The first order is worth Rs. 13.82 crore and the second is Rs. 2.94 crore, both to be executed by 31st July 2025. The orders are from a domestic entity and are not related party transactions. Vadodara Kim Expressway is formerly known as Patel Vadodara-Kim Expressway Pvt. Ltd.
Short-term positive for the stock as the company adds ~Rs. 16.76 crore of new business to its order book, providing revenue visibility through July 2025. The order reinforces Markolines' presence in the expressway maintenance segment.