Markolines Bags Five Work Orders Worth Rs 4.3975 Billion (bn)
ECONOMY & POLICY

Markolines Bags Five Work Orders Worth Rs 4.3975 Billion (bn)

Markolines Pavement Technologies Limited has received five work orders from different firms collectively amounting to Rs 4.3975 bn, raising the company’s total unexecuted order book to Rs 6.9548 bn. The orders were disclosed in a revised press release submitted to stock exchanges on five March 2026 after a correction to an earlier clerical error in the unexecuted order book figure.

The largest contract, valued at Rs 2.9439 bn, was awarded by Indo British Group of Schools for turnkey development of school infrastructure in Pune, Hyderabad and Nashik and is scheduled for completion within 12 months from site handover. The company indicated that the project scope covers comprehensive development works across the designated locations.

Two orders from Varanasi Aurangabad NH-2 Tollway Private Limited total Rs 0.7528 bn and Rs 0.4347 bn respectively and relate to provision and laying of dense bituminous macadam and bituminous concrete and to miscellaneous works at staggered locations in Bihar, both carrying a three month execution window. Additional contracts include a Rs 0.2176 bn assignment from Bharat Vanijya Eastern Private Limited under Bharatmala Pariyojana Phase I on an engineering, procurement and construction mode and a Rs 0.0485 bn order from Delhi Hapur Meerut Expressway Private Limited for pavement works.

The company reported net profit of Rs 70.9 million (mn) for the quarter ended 31 December 2025, representing a 12.72 per cent increase year on year on a standalone basis. The chairman described the IBGS contract as a validation of the firm’s execution capabilities and expressed optimism that ongoing demand in the infrastructure and tollway segments will sustain order book growth while listing on main boards of BSE and NSE is expected to enhance visibility and liquidity.

Markolines Pavement Technologies Limited has received five work orders from different firms collectively amounting to Rs 4.3975 bn, raising the company’s total unexecuted order book to Rs 6.9548 bn. The orders were disclosed in a revised press release submitted to stock exchanges on five March 2026 after a correction to an earlier clerical error in the unexecuted order book figure. The largest contract, valued at Rs 2.9439 bn, was awarded by Indo British Group of Schools for turnkey development of school infrastructure in Pune, Hyderabad and Nashik and is scheduled for completion within 12 months from site handover. The company indicated that the project scope covers comprehensive development works across the designated locations. Two orders from Varanasi Aurangabad NH-2 Tollway Private Limited total Rs 0.7528 bn and Rs 0.4347 bn respectively and relate to provision and laying of dense bituminous macadam and bituminous concrete and to miscellaneous works at staggered locations in Bihar, both carrying a three month execution window. Additional contracts include a Rs 0.2176 bn assignment from Bharat Vanijya Eastern Private Limited under Bharatmala Pariyojana Phase I on an engineering, procurement and construction mode and a Rs 0.0485 bn order from Delhi Hapur Meerut Expressway Private Limited for pavement works. The company reported net profit of Rs 70.9 million (mn) for the quarter ended 31 December 2025, representing a 12.72 per cent increase year on year on a standalone basis. The chairman described the IBGS contract as a validation of the firm’s execution capabilities and expressed optimism that ongoing demand in the infrastructure and tollway segments will sustain order book growth while listing on main boards of BSE and NSE is expected to enhance visibility and liquidity.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code