Construction Company Bags Orders Worth Rs 75,23,34,904.16 From Kokhraj Handia Expressway Pvt Ltd & Varanasi Aurangabad NH-2 Tollway Pvt Ltd
The stock is up by 58 per cent from its 52-week low of Rs 124 per share.
Markolines Pavement Technologies Limited has secured two significant contracts. The first, valued at Rs. 24,527,966.16, is awarded by Kokhraj Handia Expressway Pvt. Ltd. for the rectification of rigid pavement on the 4-lane Allahabad Bypass section of NH-2 (new NH-3) in Uttar Pradesh. This work encompasses tolling, operation, maintenance, and transfer of the section from Km 628.753 to Km 713.215 (TOT Bundle 11). Additionally, the company has received a Service Order worth Rs. 727,806,938 from Varanasi Aurangabad NH-2 Tollway Pvt Ltd. for the rectification of SMA and BC pavement on NH-2 in Bihar, specifically between Km 843 and Km 866.
Markolines Pavement Technologies Ltd (MPTL), a company established in 2002, specializes in providing comprehensive highway operations and maintenance services. With a focus on road marking, MPTL has successfully managed over 20,000 lane kilometres of National Highways in India. The company offers a wide range of services, including preventive maintenance, major maintenance and repairs, specialized maintenance techniques like micro surfacing and cold in-place recycling, and specialized construction projects such as soil stabilization and tunnelling. MPTL has a strong client base, collaborating with prominent companies like Cube Highways, MMRDA, Larson & Toubro, Safeway Concessions, Ashoka, Actis, Highway Concessions, Tata Realty, Gammon, EIL and more.
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The company has a market cap of over Rs 400 crore and has delivered good profit growth of 46 per cent CAGR over the last 5 years. The shares of the company have an ROE of 21 per cent and an ROCE of 27 per cent. The stock is up by 58 per cent from its 52-week low of Rs 124 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.