Markolines Pavement Bags ₹3.51 Crore NCC Work Order; Stock Closes up 1%

Mumbai, September 17, 2025 – Markolines Pavement Technologies Ltd (BSE: 543364) said that it has secured a new work order of ₹3.51 crore, including GST, from NCC Limited (formerly Nagarjuna Construction Company Ltd.). The contract includes the execution of earth piling works on the 454 MLD Malad WwTF Project in Mumbai and is to be completed by September 30, 2025.

The company further reported that its overall unexecuted order book is now over ₹400 crore, supporting its pipeline visibility in the infrastructure and construction sector.

Headed by Navi Mumbai, Markolines Pavement Technologies Ltd deals in civil construction with emphasis on pavement technologies and infrastructure activities. Earlier operating as Markolines Traffic Controls Ltd, the company has emerged as a niche player in highway and urban infrastructure development.

Order Highlights

The work order, valued at ₹3,51,26,240, will see Markolines Pavement undertake earth piling tasks at one of Mumbai’s critical wastewater treatment facility projects. This contract, though relatively small in size, adds to the company’s steady flow of projects and contributes to its growing backlog of infrastructure-related works.

Stock Market Reaction

Markolines Pavement Technologies shares rose 1.62% to close at ₹169.75 on Wednesday from the previous close of ₹167.05. The stock traded as high as ₹172.45 and as low as ₹168.00, taking the market capitalization of the company to ₹378.26 crore.

In the last year, the stock of the company has demonstrated strength in an unstable market, thanks to steady order flows. Investors have welcomed the company’s growing project orderbook and project pipeline.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/d9b6e26c-ebad-4884-982a-f75a99ac91b6.pdf

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