Markolines Pavement Technologies Limited has secured a ₹3.51 crore contract from NCC Limited for earth piling works in Malad, Mumbai. This order, which includes GST, contributes to the company’s unexecuted order book, which now exceeds ₹400 crores.
The highway maintenance solutions provider, traded on the BSE under the code 543364, recently announced strong financial results for the first quarter of FY26. The company recorded a 119.4% year-on-year increase in profit after tax, amounting to ₹3.79 crores, while operating income rose by 44.4% to reach ₹72.72 crores. The EBITDA margins stood at 10.3%.
This new contract is part of a series of recent wins for the Mumbai-based firm. Earlier this year, Markolines obtained a ₹100 crore order from Trans Metalite India Limited for patch repair works in Andhra Pradesh and multiple orders totaling ₹97.47 crores, including two repeat contracts from Varanasi Aurangabad NH-2 Tollway Private Limited.
Founded in 2002, Markolines has successfully executed over 4,930 lane kilometers of highway maintenance projects across various states. The company transitioned to BSE Mainboard trading in June 2025 and has applied for a listing on the NSE Mainboard. Additionally, the board has approved a merger with Markolines Infra Limited, pending regulatory approvals, which would position it among the largest firms in the highway operations and maintenance sector.
As of the latest trading session, shares of Markolines Pavement Technologies Limited closed at ₹170.85, while shares of NCC Limited finished at ₹215.75.
Published on September 18, 2025.
