Markolines Pavement Technologies Limited, a leading player in the infrastructure and road maintenance sector, has recently secured a work order worth Rs. 24.5 crore from Kokhraj Handia Expressway Pvt. Ltd. This order pertains to the tolling, operation, maintenance, and transfer of a key section of the Allahabad Bypass, located on NH-2 (new NH-3), in the state of Uttar Pradesh. The project focuses on a stretch from Km 628.753 to Km 713.215, falling under TOT Bundle 11.

This development marks a significant achievement for Markolines as it strengthens its foothold in the infrastructure sector with another high-value project. The scope of the order includes rigid pavement rectification work along with ongoing operation and maintenance, which is critical for ensuring the smooth functioning of the bypass, a major transit route connecting key parts of the region.

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In accordance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has disclosed the receipt of this work order. It further confirms that none of the company’s directors, promoters, or the promoter group have any interest in the contracting entity or entities. Additionally, it is confirmed that this work order does not fall under the purview of related party transactions, ensuring full transparency in the award process.

The project falls under the TOT (Toll-Operate-Transfer) model, which is becoming increasingly popular in India's road sector, allowing private entities to operate and maintain road infrastructure. This contract adds to Markolines’ growing portfolio of prestigious infrastructure projects, showcasing its expertise in road maintenance and tolling operations.

The Allahabad Bypass is a key infrastructure asset in the region, and Markolines' involvement in its maintenance and operation ensures that the company will contribute to improving connectivity and traffic management along one of the country’s major highways. This project further reflects the company’s ability to handle large-scale, complex infrastructure contracts.

As Markolines Pavement Technologies continues to secure contracts, its growth trajectory appears strong, with a growing order book and enhanced capabilities in handling projects related to road maintenance, pavement rectification, and toll operations. The company’s success in winning such contracts positions it well for future expansion in the infrastructure domain.

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With this Rs. 24.5 crore work order, Markolines continues to establish itself as a leader in the infrastructure sector, especially in tolling operations, road maintenance, and pavement technology, making a significant contribution to India's growing infrastructure needs.