Markolines Pavement Technologies Limited , a leading integrated highway maintenance solution provider, has announced securing a new order worth ₹3.51 crore from NCC Limited. The contract, which includes GST, is for earth piling works at Malad in Mumbai, further strengthening the company's robust order book.

Order Book and Recent Contracts

The latest order adds to Markolines' impressive unexecuted order book, which currently stands at over ₹400 crores. This follows a series of recent contract wins for the company, including:

• A ₹100 crore order from Trans Metalite India Limited for patch repair works in Andhra Pradesh
• Multiple orders totaling ₹97.47 crores, including two repeat orders from Varanasi Aurangabad NH-2 Tollway Private Limited

Strong Financial Performance

Markolines Pavement Technologies has reported robust financial results for the first quarter:

The company expects to convert its current unexecuted order book into revenues over the next 12-24 months.

Management Commentary

Mr. Sanjay Patil, Founder, Chairman & Managing Director of Markolines Pavement Technologies Limited, commented on the development: "India's infrastructure sector is on the cusp of a major transformation backed by unprecedented government investment. The robust growth momentum in the sector is giving us the necessary tailwinds and we have seen a steady growth in our order book. As an integrated highway maintenance solutions company, we focus on innovative, customised services for our clients. The strength of our current order book is a reflection of the faith our clients have in us and we expect it to expand further with the continued infrastructure push."

Corporate Developments

Markolines has recently achieved several corporate milestones:

• Migration to BSE Mainboard trading, effective June 12, 2025
• Application filed for NSE Mainboard listing on August 9, 2025
• Board approval for the merger of Markolines Infra Limited with Markolines Pavement Technologies Limited, subject to regulatory approvals

Company Background

Established in 2002, Markolines Pavement Technologies Limited has successfully executed over 4,930 lane kilometres of highway maintenance work across multiple states in India. The company offers a comprehensive range of services, including preventive maintenance, micro-surfacing, cold in-place recycling, and other modern pavement technologies.

Investor Relations

The company has scheduled a virtual meeting with analysts and investors on September 24, 2025, at 11:00 a.m. This Arihant Bharat Connect Conference will be open to all investors and the general public via video conference.

Markolines Pavement Technologies Limited continues to strengthen its position in the highway operations and maintenance sector, leveraging India's infrastructure growth story and its own innovative solutions.

Markolines Pavement Technologies Limited has announced securing a new order worth ₹3.51 crore from NCC Limited for earth piling works in Mumbai. This development comes as a positive signal for the company, whose market capitalization currently stands at ₹327.00 crore.

Order Details

The company disclosed the following key details about the new order:

• Client: NCC Limited (formerly Nagarjuna Construction Company Limited)
• Project: Earth Piling Works at 454 MLD Malad WwTF Project
• Order Value: ₹3,51,26,240 (inclusive of GST)
• Completion Deadline: September 30, 2025

Project Significance

This order is part of the 454 MLD (Million Liters per Day) Malad Wastewater Treatment Facility project, indicating Markolines' involvement in crucial infrastructure development in the Mumbai metropolitan area. The earth piling works are essential for establishing a strong foundation for the wastewater treatment facility.

Company's Order Book

With this new addition, Markolines has further strengthened its order book. The company reported that its total unexecuted order book as of the announcement date stands at over ₹400.00 crore, showcasing a robust pipeline of projects.

Market Position

The ₹3.51 crore order, while relatively small compared to the company's market capitalization of ₹327.00 crore, represents Markolines' continued ability to secure contracts in the infrastructure sector. This order win may be seen as a positive indicator of the company's competitive position and operational capabilities.

Compliance and Transparency

In line with regulatory requirements, Markolines made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the contract does not fall under related party transactions and that there is no interest from promoter/promoter group or group companies in NCC Limited.

As Markolines continues to expand its project portfolio, investors and market watchers will likely keep a close eye on the company's execution capabilities and future order inflows. The timely completion of this project by September 2025 could potentially impact the company's financial performance and market perception in the coming years.