General disclosure of receipt of work order from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd.
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Markolines Pavement Technologies has received a work order valued at Rs. 24,74,98,281 (around Rs. 24.75 crores, inclusive of GST) from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. The scope covers rehabilitation and overlay works (DBM, BC and SMA) for periodic maintenance on a stretch of NH-2 from Km 825 to Km 843 in Uttar Pradesh. The order is from a domestic private entity and is not a related party transaction, with no promoter group interest in the awarding company. The execution deadline is 30th June 2025, making it a short-term project.
This adds a new domestic order worth roughly Rs. 24.75 crores to the company's order book, providing short-term revenue visibility in its core pavement maintenance segment. Investors should view it as a routine business win rather than a transformational deal.