Markolines Pavement Technologies Ltd., a leading player in highway operations and maintenance services, has announced the receipt of new work orders totaling Rs 303.9 million. The contracts, confirmed on July 29, 2025, span multiple geographies and infrastructure segments, further strengthening the company’s order book and execution pipeline.
This development underscores Markolines’ growing reputation for delivering specialized road maintenance solutions across India’s expanding highway network.
Key Highlights of the New Orders
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Total value of work orders: Rs 303.9 million
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Scope includes microsurfacing, Cold In-Place Recycling (CIPR), and full-depth reclamation (FDR)
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Orders awarded by a mix of public and private infrastructure clients
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Execution timeline ranges from Q3 FY26 to Q1 FY27
The contracts are part of ongoing efforts to upgrade and maintain critical highway stretches impacted by monsoon erosion, traffic stress, and aging infrastructure.
Strategic Importance and Execution Scope
Geographic Diversification
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Projects span Maharashtra, Gujarat, and Madhya Pradesh
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Includes arterial routes and expressway segments under NHAI and state PWDs
Technical Specialization
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Microsurfacing to improve skid resistance and surface texture
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CIPR and FDR techniques to rehabilitate damaged pavements without full reconstruction
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Use of foam bitumen and cement stabilization as per IRC 120:2015 standards
Environmental and Cost Efficiency
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In-place recycling reduces carbon footprint and material usage
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Faster execution timelines minimize traffic disruption and cost overruns
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Markolines’ proprietary technology center and mobile recycling units will be deployed to ensure precision and quality control across sites.
Financial and Operational Impact
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The new orders add to an existing order book of Rs 357 crore as of March 31, 2025
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FY24 revenue stood at Rs 347.29 crore, up 11.4 percent year-on-year
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Net profit for FY24 rose 7.8 percent to Rs 16.98 crore
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EBITDA margins improved due to operational scale and equipment optimization
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The Rs 303.9 million inflow is expected to contribute meaningfully to FY26 topline and support margin expansion through efficient resource utilization.
Market Sentiment and Shareholder Response
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Markolines shares rose 7.05 percent to Rs 123.75 following the announcement
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Analysts view the order win as a validation of the company’s niche positioning in pavement technologies
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Promoter holding remains stable, with institutional interest gradually increasing
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The company’s consistent order wins and execution track record continue to attract investor attention in the micro-cap infrastructure space.
Outlook and Strategic Priorities
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Markolines aims to expand its footprint in tunneling and smart road technologies
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Plans are underway to bid for hybrid annuity model (HAM) projects and urban road contracts
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The company is exploring partnerships for AI-based road diagnostics and predictive maintenance
With India’s national highway network expanding rapidly, Markolines is well-positioned to capitalize on demand for specialized maintenance and rehabilitation services.
Source: Business Standard – July 29, 2025 Moneycontrol – July 29, 2025 The Week – July 29, 2025 Markolines Website – July 29, 2025 ZaubaCorp – July 29, 2025 Screener – July 29, 2025 Economic Times – July 29, 2025
