Markolines Pavement Technologies Ltd receives its biggest work order worth Rs. 325 crores

Markolines Pavement Technologies Limited has received its biggest ever work order (WO) till date which is worth Rs. 325 Crores (excluding GST), from Gayatri - Cresent (JV) for the Construction of a new 6 lane Tunnel in the Khambataki Ghat Section including approaches for the Pune - Satara Section of NH 4 in the State of Maharashtra under NHDP Phase - V on EPC mode. This contract is executable over 18-24 months and adds to our existing unexecuted order book, taking its total unexecuted order book to Rs 594 Crore. In FY22 the company delivered a revenue of Rs 187 crore. This order is 1.75 times our FY 22 revenue and post this order, the order book at Rs 594 crore is 3.18 times our FY22 revenue, executable over a period of about 2 years.

Markolines Pavement Technologies Ltd is a company in the Highway O&M sector in India which provides all services under the fold of Highway O&M in India including specialized services like Microsurfacing & CIPR. Tunnel construction is another specialized area added to our array of services & has only a few players with huge potential in the coming years in India.

Shares of Markolines Traffic Controls Limited was last trading in BSE at Rs. 120.30 as compared to the previous close of Rs. 104.70. The total number of shares traded during the day was 331200 in over 151 trades.

The stock hit an intraday high of Rs. 122.00 and intraday low of 103.05. The net turnover during the day was Rs. 38973920.00.

Source : Equity Bulls

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MarkolinesTrafficControls CivilConstruction INE0FW001016 OrderWin