On February 6, 2023, Markolines Pavement Technologies Limited announced in an exchange filing that its associate company, “UNIQUEUHPC MARKOLINES LLP,” had received a letter of award for the construction of a 24 percent of the four-laning portion of the NH-1A’s Ramban to Banihal section from an Indian company, valued at Rs 225.17 crore (excluding GST). including the building of a twin tube tunnel on an EPC basis from the Banihal end in the union territory of Jammu and Kashmir. This project will take 30 months to complete. The UniqueUHPC Markolines LLP is owned by Markolines Pavement Technologies Limited to the tune of 50% of its equity.
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The business activities of Markolines Pavement Technologies Limited can be broadly classified into three categories: Under the heading of “Highway Operations,” the company offers services like toll operations. Highway maintenance, which includes routine maintenance, preventive maintenance, major maintenance, and repairs, as well as specialised maintenance services, which include micro-surfacing, base stabilisation, and cold in-place recycling, are some of the services provided. These services extend the life and quality of the road.
The stock’s opening price today was Rs 149.80, with a high and low of Rs 156.70 and Rs 149.80, respectively. The stock is currently up 11.13 percent, trading at Rs 155.20. The stock’s 52-week range is Rs 207.00 for a high and Rs 59.35 for a low. The company, which has a market capitalization of Rs 338 crore, has a ROCE of 26.5% and a ROE of 21.4%.