Markolines Pavement Technologies Limited bags multiple work orders amounting to Rs 439.75 crore

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Markolines Pavement Technologies Limited (BSE: 543364, NSE: MARKOLINES), an integrated highway maintenance solution provider, has received as many as five work orders from different companies cumulatively amounting to Rs.439.75 crore. With this the total unexecuted order book of the company stands at over Rs.956.48 crore as on date.

The biggest order amounting to the tune of Rs.294.39 crore, is from Indo British Group of Schools (IBGS). It includes Turnkey Development of School Infrastructure for Indo British Group of Schools (IBGS) Projects at Pune, Hyderabad and Nashik. The project has to be completed within 12 months from the date of site handover or handover of commencement letter, the company said in a notification to stock exchanges.

The company has received Rs.75.28 crore worth order from Varanasi Aurangabad NH-2 Tollway Private Limited for providing and laying of DBM (Dense Bituminouse Macadam) and BC (Bituminous Concrete) at staggered locations in Bihar. It has received another Rs.43.47 crore worth order from Varanasi Aurangabad NH-2 Tollway for undertaking miscellaneous work at staggered locations in BR3 section in Bihar. Both these projects are to be completed within a period of three months.

This apart, Markolines has bagged Rs.21.76 crore worth project from Bharat Vanijya Eastern Private Limited for providing and laying of DBM & BC including milling in the state of Bihar under Bharatmala Pariyojana Phase I on EPC Mode. It has received a work order of Rs.4.85 crore from Delhi Hapur Meerut Expressway Private Limited for providing and laying of DBM & BC.

Commenting on the development, Mr. Sanjay Patil, Founder, Chairman & Managing Director of Markolines Pavement Technologies Limited, said, “Receiving a work order of Rs 294.39 crore from the prestigious Indo British Group of Schools for developing school infrastructure in the cities of Pune, Hyderabad and Nashik is a testament of the quality of our work and efficient execution. We have been witnessing a good momentum in the country’s infrastructure segment backed by government’s emphasis on the sector. We have been able to grow our order book significantly due to the steady demand from various infrastructure and tollway projects. We are hopeful of sustaining the growth momentum moving forward.”

For the quarter ended December 31, 2025, Markolines registered 12.72 per cent growth in net profit at Rs.7.09 crore, as compared with Rs.6.29 crore last year (Standalone basis).

Markolines, which had migrated from the BSE SME Platform to the BSE Main Board in June 2025, got listed on the National Stock Exchange (NSE) Main Board in October last year. The listing on the NSE Main Board underscores the company’s strong fundamentals, consistent performance, and commitment to transparency and corporate governance. It will enhance visibility, improve liquidity, and enable wider participation from institutional and retail investors, strengthening its long-term market presence.

Established in 2002, Markolines Pavement Technologies Limited is one of India’s leading highway operations and maintenance (O&M) and specialized infrastructure solution providers. With a strong focus on innovation and execution excellence, the company offers a comprehensive range of services, including preventive maintenance, micro-surfacing, cold in-place recycling and other modern pavement technologies. Headquartered in Mumbai, Markolines has successfully executed over 5,381 lane kilometres of highway maintenance work across multiple states in India. The company is recognized for several pioneering maintenance techniques in the Indian road sector. 

Markolines recently migrated and commenced trading of its securities on the BSE Mainboard platform, effective 12th June, 2025. The Company has also applied for NSE Mainboard listing, with the application filed on 9th August 2025 with NSE. The Company’s Board has also approved the merger of Markolines Infra Limited with and into Markolines Pavement Technologies Limited, subject to regulatory approvals. The proposed merger will make Markolines the largest company in highway O&M sector. With pan-India presence and a dedicated team, Markolines remains committed to delivering sustainable, safe and quality-driven road infrastructure solutions.

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