Markolines Pavement Technologies Limited has received an additional Letter of Award from Varanasi Aurangabad NH-2 Tollway Private Limited (VATPL) for executing periodic maintenance work involving rehabilitation and overlay (Bituminous Concrete) on service roads in Uttar Pradesh. The order, valued at Rs 18,87,64,716 (inclusive of GST), further strengthens the company's position in the road maintenance segment and reflects the client's continued trust based on Markolines' performance in previous contracts.
The project involves maintenance work on the NH-2 stretch from Km 786 to Km 843. The execution timeline is set at three months, excluding the monsoon period. VATPL, a domestic entity, awarded the order, which does not involve any related-party transactions or promoter interest.
With this latest addition, Markolines' unexecuted order book now stands at over Rs 400 crore. The company views this development as a reinforcement of its credibility and expertise in infrastructure and pavement technology.