Markolines Pavement Technologies Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MARKOLINES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Markolines Pavement Technologies has accepted two work orders from the Sports Authority of Andhra Pradesh totalling Rs. 29.38 crores (inclusive of GST). The first order, worth Rs. 16.95 crores, is for the development and upgradation of the Indira Gandhi Municipal Corporation Stadium in Vijaywada. The second order, worth Rs. 12.42 crores, is for the construction of an indoor hall at Pathrunivalasa, District Srikakulam, in Andhra Pradesh. Both orders are domestic in nature, with a 9-month completion timeline followed by a 24-month defect liability period. The orders are not related party transactions and the promoters have no interest in the awarding entity.
Positive for the company as the Rs. 29.38 crore order win from a state government body strengthens its order book in the sports infrastructure segment and should support revenue over the next 9 months. The government client adds credibility, though the order size and execution timeline will need to be tracked.