New Roads, New Records: Markolines Secures ₹3.76 Crore Deal-Is More to Come?

Markolines Pavement Technologies Ltd has acquired a fresh work order of ₹37.6 million (₹3.76 crore), solidifying its position in India's highway operations and maintenance space. The recent project win is part of a series of successive project acquisitions that reflect the company's increasing momentum in the infrastructure sector.

 

Key Highlights:

Markolines' robust bottom line-expressed in FY24 double-digit revenue and profit growth-indicates its operational effectiveness and capacity to win repeat orders from public and private sector clients.

With a market capitalization of over ₹260 crore and a return on equity of 21%, Markolines remains in the limelight of investors as a micro-cap infrastructure stock with high growth potential.

 

This new work order not only adds to Markolines' order book but also indicates continued opportunities in India's fast-growing road infrastructure space.

 

Sources: Business Standard, DSIJ, ProjectX India