Throughout Tuesday’s buying and selling session, shares of India’s largest and built-in freeway upkeep resolution firm surged practically 5 p.c on BSE, after securing two work orders value a complete of Rs. 16.76 crores from Vadodara Kim Expressway Personal Restricted.
With a market cap of Rs. 334 crores, at 12:03 p.m., the shares of Markolines Pavement Applied sciences Restricted had been buying and selling within the inexperienced at Rs. 151.8 on BSE, up by practically 1 p.c, as in comparison with its earlier closing value of Rs. 150.65. The inventory has delivered constructive returns of over 3 p.c in a single 12 months, and has gained by practically 2 p.c within the final one month.
What’s the Information
Based on the most recent regulatory filings on the BSE, Markolines Pavement Applied sciences Restricted has obtained two new work orders from Vadodara Kim Expressway Personal Restricted, collectively valued at Rs. 16.76 crore. As part of the contract, the corporate will undertake restoration work for areas broken by rainwater runoff at its undertaking web site. Each orders will likely be executed by Markolines Pavement Tech by thirty first July 2025.
Earlier Updates
- nineteenth Might: Markolines bagged a piece order, valued at practically 3 crores, from Nxt-Infra CT Highways Pvt. Ltd. for microsurfacing works on the CTHPL undertaking web site.
- twentieth Might: The corporate was awarded a Rs. 24.7 crores order by Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. for execution of rehabilitation and overlay works (together with DBM, BC & SMA) for periodic upkeep works between Km 825 to Km 843 of NH-2 in Uttar Pradesh.
Financials & extra
Markolines Pavement reported a decline in its income from operations, exhibiting a year-on-year decline of round 6.5 p.c from Rs. 216 crores in H2 FY24 to Rs. 202 crores in H2 FY25. Nonetheless, its internet revenue elevated throughout the identical interval from Rs. 11 crores to Rs. 18 crores, representing a development of round 64 p.c YoY.
The corporate has up to now undertaken 113.7 lakh sq. meters of microsurfacing work nationwide and has a complete unexecuted order e-book of exceeding Rs. 350 crores as on thirtieth April 2025. Moreover, it’s in discussions for potential orders valued at over Rs. 500 crores.
Markolines Pavement Applied sciences Restricted is engaged within the enterprise of offering companies of infrastructure operations like highway and associated infrastructure development and highway upkeep. It operates in two segments: freeway upkeep companies and specialised development companies.
Written by Shivani Singh
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