NCC awards Mumbai project order worth 3.51 crore INR to Markolines
Markolines Pavement Technologies Secures Large Earth Piling Order from NCC
In a significant development, Markolines Pavement Technologies Limited has received an order worth ₹35.1 crores from NCC Limited for earth piling works at Malad in Mumbai. This new order adds to the company's current unexecuted order book of over ₹400 crores.
The order comes at an opportune time for Markolines Pavement Technologies, as the company continues to expand its footprint in the infrastructure sector. The company, which was established in 2002, has executed over 4,930 lane kilometres of highway maintenance work across multiple states.
Recently, the company reported a 119.4% year-on-year increase in profit after tax to ₹3.79 crores for Q1 FY26. Operating income grew 44.4% to ₹72.72 crores during the same period. EBITDA margins stood at 10.3% for Q1 FY26.
The company's shares ended at ₹170.85 on the BSE, following the announcement of the new order. It is worth noting that NCC Limited's shares ended at ₹215.75 on the same day.
Markolines Pavement Technologies Limited migrated to BSE Mainboard trading in June 2025 and is listed on the BSE under code 543364. The company has also applied for NSE Mainboard listing.
In a separate development, the board of Markolines Pavement Technologies Limited has approved a merger with Markolines Infra Limited, subject to regulatory approvals. If the merger is successful, Markolines Pavement Technologies Limited would become one of the largest companies in the highway operations and maintenance sector.
Markolines Pavement Technologies Limited has also recently won several contracts, including a ₹100 crore order from Trans Metalite India Limited for patch repair works in Andhra Pradesh. The company has also received multiple orders worth ₹97.47 crores, including two repeat orders from Varanasi Aurangabad NH-2 Tollway Private Limited during the current financial year.
Balkrishna Industries, a separate company, has a share price of ₹2,505.20.
The article was published on September 18, 2025.
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