Markolines Bags ₹24.75 Crore Highway Maintenance Contract on NH-2 Stretch in Uttar Pradesh
By Ankur Chandra | Updated at: May 31, 2025 10:45 PM IST
Markolines Pavement Technologies Ltd has announced the receipt of a substantial work order worth ₹24.75 crore (inclusive of GST) from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. The contract pertains to the periodic maintenance and rehabilitation of a highway stretch in Uttar Pradesh.
Project Details
The scope of the contract involves executing rehabilitation and overlay works of DBM, BC, and SMA Pavement on the NH-2 corridor from Km 825 to Km 843. The work is expected to be finished by June 30, 2025.
Key Contract Details:
| Particular | Details |
|---|---|
| Client | Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. |
| Project Type | Periodic Maintenance (DBM, BC & SMA Overlay) |
| Location | NH-2, Uttar Pradesh (Km 825 to Km 843) |
| Order Value | ₹24,74,98,281 (Inclusive of GST) |
| Execution Deadline | June 30, 2025 |
| Entity Type | Domestic |
| Related Party Involvement | None |
| Promoter Interest | No promoter or group company interest in the awarding entity |
This order reinforces Markolines’ strategic focus on expanding its footprint in national highway infrastructure and leveraging its domain expertise in pavement engineering and maintenance.
About Markolines Pavement Technologies Ltd
Markolines Pavement Technologies Ltd Markolines Pavement Technologies Ltd (formerly Markolines Traffic Controls Ltd), is focused on providing pavement solutions such as micro-surfacing, pavement marking, and highway maintenance services. The company is based in Navi Mumbai, with operations in several states of India.
Share Performance:
Markolines Pavement Technologies Ltd shares have gained 10.95% in one year, while a drop of 7.15% has been registered in year-to-date (YTD) and 20.65% decline in 1 Month.
Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/689c0ee4-2933-4818-b280-17f525da93f8.pdf
