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

10 Mar 2026 CW Team

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.

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