Markolines Secures ₹3.51 Crore Order from NCC for Mumbai Infrastructure Project

Markolines Pavement Technologies Limited has been awarded a ₹3.51 crore contract by NCC Limited for earth piling works in Mumbai's Malad area. The order, inclusive of GST, bolsters the company's unexecuted order book, now exceeding ₹400 crores.

The BSE-listed highway maintenance specialist reported robust Q1 FY26 results, with net profit surging 119.4% year-on-year to ₹3.79 crores. Revenue grew 44.4% to ₹72.72 crores, while maintaining 10.3% EBITDA margins.

This win follows recent contract successes including a ₹100 crore Andhra Pradesh project and ₹97.47 crores in orders from Varanasi Aurangabad NH-2 Tollway. Since its 2002 founding, Markolines has maintained over 4,930 lane kilometers of highways nationwide.

The company completed its transition to BSE Mainboard trading in June 2025 and awaits NSE Mainboard approval. Its proposed merger with Markolines Infra Limited, pending regulatory clearance, WOULD create a dominant player in highway operations and maintenance.