Markolines Pavement Technologies Limited (BSE: 543364, NSE: MARKOLINES) Secures ₹135.20 Crore BMC Highway Work Orders

Markolines Pavement Technologies Limited (BSE: 543364, NSE: MARKOLINES) has announced the receipt of two Letters of Acceptance-cum-Work Orders from the Brihanmumbai Municipal Corporation (BMC) aggregating to ₹135.20 crore (inclusive of GST) / ₹135.20 Crores. The contracts cover specialized highway microsurfacing and resurfacing activities across Mumbai’s major arterial networks.

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Breakdown of the Work Orders

The awarded contracts involve execution works on Mumbai’s key arterial corridors:

• Eastern Express Highway (EEH): Resurfacing of critical portions through microsurfacing, valued at ₹63.23 crore (inclusive of GST).
• Western Express Highway (WEH): Improvement of the main carriageway using microsurfacing techniques, valued at ₹71.97 crore (inclusive of GST).

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Order Book and Business Visibility

Following these new additions, the company’s total current unexecuted order book has reached ₹624.22 crore.

Mr. Vijay Oswal, Founder and Chief Financial Officer, stated:

"With the addition of these work orders, our total current unexecuted order book has reached ₹624.22 crore, providing enhanced business visibility and a strong foundation for our growth journey. Our priority will be to ensure efficient execution through disciplined project planning, optimal resource allocation and stringent cost management. We remain focused on converting our growing order book into sustainable business performance while maintaining operational and financial discipline."

Mr. Sanjay Patil, Founder, Chairman & Managing Director, noted:

"Securing these significant work orders from BMC marks an important milestone for Markolines and reflects the confidence placed in our technical expertise and execution capabilities. The Eastern and Western Express Highways are among Mumbai's most critical transportation corridors and being entrusted with their resurfacing further reinforces our position in specialised pavement maintenance solutions. We remain focused on strengthening our presence in the highway operations and maintenance segment, leveraging our specialised capabilities to participate in the growing opportunities in India's road infrastructure sector."

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About Markolines Pavement Technologies Limited

Established in 2002, Markolines Pavement Technologies Limited is an Indian highway operations and maintenance (O&M) and specialized infrastructure solution provider, and is the only listed company operating in this segment.

• Execution Track Record: The company has executed over 5,670 lane kilometers of highway maintenance work across multiple states in India.
• Technological Offerings: Its services include Major Maintenance & Repairs (MMR), Rigid Pavement (concrete road) Maintenance, Cold In-Place Recycling (CIPR), Full Depth Reclamation (FDR), and micro-surfacing.
• Expansion: The company is utilizing its engineering expertise to expand into Marine Infrastructure and Sports Infrastructure.
• Listing Milestones: Markolines migrated to the BSE Mainboard on June 12, 2025, and subsequently listed on the NSE Mainboard in October 2025.