Markolines Pavement secure Rs 19-cr highway maintenance contract

Markolines Pavement Technologies announced the receipt of a contract amounting to Rs. 18.87 crore from Varanasi Aurangabad NH-2 Tollway Pvt. Ltd. As a part of the contract, Markolines Pavement will undertake execution of Rehabilitation, Overlay (BC) for periodic maintenance works at Varanasi Aurangabad NH-2 Tollway in Uttar Pradesh.

The company is hopeful of completing the project within three months (excluding the monsoon period). The Company had recently received two orders totalling to Rs. 16.76 crores from Vadodara Kim Expressway Pvt. Ltd. to undertake restoration work for areas damaged by rainwater runoff at its project site in the state of Gujarat.

At 11.34 am, Markolines Pavement Technologies was trading at Rs. 168, up by 4.09%, with a volume of 2.62 lakh shares on the BSE.