Work Order Details

Markolines Pavement Technologies Limited has received two Letters of Acceptance-cum-Work Orders from Brihanmumbai Municipal Corporation (BMC) with the following specifics:

Eastern Express Highway Project

  • Contract Value: ₹63.23 crore (inclusive of GST)
  • Scope: Resurfacing of critical portions through microsurfacing techniques
  • Location: Eastern Express Highway (EEH), Mumbai

Western Express Highway Project

  • Contract Value: ₹71.97 crore (inclusive of GST)
  • Scope: Improvement of main carriageway using microsurfacing techniques
  • Location: Western Express Highway (WEH), Mumbai

Total Contract Value

  • Aggregate Value: ₹135.20 crore (inclusive of GST)

Order Book Impact

With the addition of these work orders, the company's total current unexecuted order book has reached ₹624.22 crore.

Management Commentary

Mr. Sanjay Patil, Chairman & Managing Director

Commented that securing these work orders marks an important milestone and reflects confidence in the company's technical expertise and execution capabilities. Noted that Eastern and Western Express Highways are among Mumbai's most critical transportation corridors. Stated the company remains focused on strengthening presence in highway operations and maintenance segment.

Mr. Vijay Oswal, Chief Financial Officer

Added that the enhanced order book provides improved business visibility and a strong foundation for growth journey. Emphasized priority on efficient execution through disciplined project planning, optimal resource allocation, and stringent cost management. Stated focus on converting growing order book into sustainable business performance while maintaining operational and financial discipline.

Company Background

Markolines Pavement Technologies Limited is described as a leading highway operations and maintenance (O&M) and specialized infrastructure solutions company. The company is the only listed entity operating in this segment. Key highlights include:

  • Established in 2002
  • Successfully executed over 5,670 lane kilometers of highway maintenance work
  • Migrated to BSE Mainboard on June 12, 2025
  • Listed on NSE Mainboard in October 2025
  • Headquarters in Navi Mumbai, Maharashtra

Financial Impact

The disclosure confirms the financial impact of ₹135.20 crore in new contract awards, contributing to the company's order book growth. The projects are expected to be executed following standard project timelines and procedures.