
Markolines Bags ₹135.2 Cr BMC Work Orders for Highway Resurfacing
Markolines Pavement Technologies Limited has secured two significant work orders from Brihanmumbai Municipal Corporation (BMC) for microsurfacing and resurfacing works on the Eastern Express Highway and Western Express Highway in Mumbai. The aggregate value of these orders is ₹1,35,20,21,306/- (Rupees One Hundred Thirty-Five Crores Twenty Lakhs Twenty-One Thousand Three Hundred and Six Only), inclusive of applicable GST and contingencies. The first order, for the Eastern Express Highway, is valued at ₹63,23,19,650/- and is to be completed within six months. The second order, for the Western Express Highway, is valued at ₹71,97,01,656/- and also has a six-month completion period. These orders were awarded pursuant to the acceptance of Markolines' tender offers by BMC.
Key Highlights
- Received two work orders from BMC totaling ₹135.20 Cr.
- Orders cover microsurfacing and resurfacing of key Mumbai highways.
- Work to be completed within six months for each order.
- Orders awarded based on accepted tender offers.
- No promoter or group company interest in BMC.
Price Impact
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