BSECompany Update2d ago · 5 Nov 2026, 10:56 am
Please find attached the Press Release issued by Markolines Pavement Technologies Limited regarding the receipt of work orders from Brihanmumbai Municipal Corporation (BMC) aggregating to Rs. 135.20 Crores.
Markolines Pavement Technologies Ltd · 543364
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Markolines Pavement Technologies Ltd has received two work orders from Brihanmumbai Municipal Corporation (BMC) worth ₹135.20 Crores for highway microsurfacing and resurfacing in Mumbai.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment9/10
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Markolines Pavement Technologies Ltd - 543364 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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5th November, 2026
To, To,
BSE Limited National Stock Exchange of India
P. J. Towers, Dalal Street, Limited
Fort, Mumbai – 400001. Exchange Plaza, C-1, Block G,
Bandra Kurla Complex,
Bandra (E), Mumbai – 400051.
Kind attention: Department of Corporate Kind attention: Listing Dept.
Services.
BSE Scrip ID: 543364, NSE Symbol: MARKOLINES
BSE Script Code: MARKOLINES
Subject: General disclosure of Press Release for receipt of Work Orders.
Dear Sir / Madam,
Please find enclosed herewith a Press Release issued by the Company regarding the receipt
of work orders from the Brihanmumbai Municipal Corporation (BMC) for the execution of
works on the Eastern Express Highway and Western Express Highway, aggregating to
₹135.20 Crores.
The Press Release is being submitted for the information of the shareholders and other
stakeholders.
You are requested to take the above information on record.
For Markolines Pavement Technologies Limited
Sanjay Patil
Chairman & Managing Director
DIN: 00229052
Registered Office: 502, Wing-A, Shree Nand Dham, Sector 11, CBD Belapur, Navi Mumbai 400614 Maharashtra, India
Corporate Office: 6th Floor, Wing-A, Shree Nand Dham, Sector 11, CBD Belapur, Navi Mumbai 400614 Maharashtra, India
+91 22 6266 1111 Info@markolines.com www.markolines.com
CIN: L99999MH2002PLC156371 (Formerly Markolines Traffic Controls Ltd.)
Markolines Pavement Technologies Secures Two Work Orders Worth
₹135.20 Crore from BMC for Highway Microsurfacing and Resurfacing in
Mumbai
Mumbai, November 05, 2026: Markolines Pavement Technologies Ltd. (BSE: 543364,
NSE: MARKOLINES), a leading highway operations and maintenance (O&M) and specialised
infrastructure solutions company, today announced that the company has secured two
Letters of Acceptance-cum-Work Orders from the Brihanmumbai Municipal Corporation
(BMC), aggregating to ₹135.20 crore (inclusive of GST).
The work orders encompass microsurfacing and resurfacing activities across two of Mumbai's
key arterial road networks:
• Eastern Express Highway (EEH): Resurfacing of critical portions through microsurfacing,
with a contract value of ₹63.23 crore (inclusive of GST).
• Western Express Highway (WEH): Improvement of the main carriageway using
microsurfacing techniques, with a contract value of ₹71.97 crore (inclusive of GST).
Mr Sanjay Patil, Founder, Chairman & Managing Director of Markolines Pavement
Technologies Limited, said, “Securing these significant work orders from BMC marks an
important milestone for Markolines and reflects the confidence placed in our technical
expertise and execution capabilities. The Eastern and Western Express Highways are among
Mumbai's most critical transportation corridors and being entrusted with their resurfacing
further reinforces our position in specialised pavement maintenance solutions. We remain
focused on strengthening our presence in the highway operations and maintenance
segment, leveraging our specialised capabilities to participate in the growing opportunities
in India's road infrastructure sector.”
Mr Vijay Oswal, Founder and Chief Financial Officer, Markolines Pavement Technologies
Limited, added, “With the addition of these work orders, our total current unexecuted order
book has reached ₹624.22 crore, providing enhanced business visibility and a strong
foundation for our growth journey. Our priority will be to ensure efficient execution through
disciplined project planning, optimal resource allocation and stringent cost management. We
remain focused on converting our growing order book into sustainable business
performance while maintaining operational and financial discipline.”
These projects further strengthen Markolines' presence in the highway operations and
maintenance segment and underscore its ability to deliver specialised pavement solutions
for critical road infrastructure. The work orders also give the Company an opportunity to
demonstrate its technical expertise and execution capabilities on two of Mumbai's most
important and critical highway corridors.
About Markolines Pavement Technologies Limited:
Established in 2002, Markolines Pavement Technologies Limited (Markolines) is one of
India’s leading highway operations and maintenance (O&M) and specialized infrastructure
solution providers. Markolines is the only listed company operating in this segment. With a
strong focus on innovation and execution excellence, the company offers the most
comprehensive suite of services in highway maintenance – spanning from Major Maintenance
& Repairs (MMR), Rigid Pavement (concrete road) Maintenance, specialised maintenance
services and specialised construction activities. From reintroducing and reviving micro-
surfacing in India, to bringing Cold In-Place Recycling (CIPR), Full Depth Reclamation (FDR),
techniques into the mainstream, the company has consistently been at the forefront of
technologies innovation. Headquartered in Navi Mumbai, Markolines has successfully
executed over 5,670 lane kilometers of highway maintenance work across multiple states
in India. The Company is recognized for several pioneering maintenance techniques in the
Indian road maintenance sector and is leveraging its engineering expertise and specialized
skill set to expand into other infrastructure segments such as Marine Infrastructure and
Sports Infrastructure.
Markolines migrated to the BSE Mainboard and began trading its securities on June 12,
2025. Building on this progress, the Company has achieved another significant milestone
with its listing on the NSE Mainboard in October 2025, enhancing market visibility, improving
liquidity, and broadening access for a wider base of investors. With a pan-India presence
and a dedicated team of professionals, Markolines remains committed to enhancing the
quality, safety and sustainability of India’s road infrastructure.
For further information, please contact website: www.markolines.com
For Media Queries Deepali Shah 90295 57708 deepali@fortunapr.com
For IR Queries Rajshree Ganguly 98338 07235 rajshree@fortunapr.com