SME stock Markolines Pavement gains 5% on bagging ₹16 crore order. Details here
Stock Market Today: SME stock Markolines Pavement gained close to 5% in the morning trades on Tuesday. The Markolines Pavement Technologies share price gains were fueled by the company bagging ₹ 16 crore order.
Markolines Pavement Technologies on Tuesday 10 June 2025 made a General disclosure on the exchanges pertaining to the receipt of Work Orders from Vadodara Kim
The Markolines Pavement Technologies has secured domestic orders from Vadodara Kim Expressway Pvt. Ltd for two projects for Rain Cut Repair works at its project site.
In its release on the exchanges Markoline Pavement Technologies said that 'the Company has received 2 Work Orders cumulatively amounting to Rs.16,75,82,305 (inclusive of GST) from Vadodara Kim Expressway Pvt. Ltd. for Rain Cut Repair works at its project site' .
While the broad consideration for one project order secured by Markoline Pavement Technologies is Rs.13,81,76,997 ( ₹ 13.82 crore inclusive of GST), the other consideration for the second order procured by Markoline Pavement Technologies from Vadodara Kim Expressway Pvt. Ltd is Rs.2,94,05,308 ( ₹ 2.94 crore inclusive of GST).
This makes the total consideration of 2 work orders for Markoline Pavement Technologies from Vadodara Kim Expressway Pvt. Ltd, at Rs.16,75,82,305 ( ₹ 16.75 crore inclusive of GST) .
Markoline Pavement Technologies had to complete this domestic project order for Rain Cut Repair works at the project site by 31 July 2025.
Markoline Pavement Technologies share price that opened at ₹ 152.50 on the BSE on Tuesday. The SME Stock Markoline Pavement Technologies share price at the time of opening was up more than 1% over the previous trading sessions closing price of ₹ 150.65. The Markoline Pavement Technologies however jumped to intraday highs of ₹ 158 and this translated into gains of almost 5 % during the intraday trades.
Markolines Pavement Technologies' stock surged as the ₹ 16 crore work order from Vadodara Kim Expressway Pvt. Ltd. for rain cut repair projects, demonstrates the potential for growth improving investor confidence in SME stock.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
25 minutes ago
- Economic Times
Claims made by HDFC Bank don't add up: Lilavati Trust; HDFC denies charges
In a fresh attack on HDFC Bank MD and CEO Sashidhar Jagdishan, Lilavati Kirtilal Mehta Medical Trust (LKMM Trust) on Wednesday said the claims made by the bank about a single loan are not consistent and it has never produced any official loan ledger or agreement in court regarding its transaction with the Trust. Refuting allegations, an HDFC Bank spokesperson in a statement said the allegations and insinuations made by the trustees are devoid of any iota of truth whatsoever and neither the bank nor its CEO has engaged in any activity that is illegal, unethical or improper. The LKMM Trust manages and runs the prestigious Lilavati Hospital in Mumbai. Various documents from the bank reflect widely inconsistent loan amounts for instance, Rs 4.8 crore was cited initially, Rs 450 crore in another filing, and now Rs 65.22 crore, LKMM said in a statement. "How can one of India's largest banks make three different claims about a single loan, and not back it up with a basic loan agreement and ledger?" LKMM Prashant Mehta, Permanent Trustee wondered. The LKMM Trust and Prashant Mehta maintained that they had never taken a loan from HDFC Bank, and these inconsistencies support that claim, rather than refute it. The bank's refusal to present even basic documents in court undermines the credibility of the entire case and hints at deliberate narrative manipulation, it alleged. The Trust also alleged that the Rs 2.05 crore bribe money was paid to HDFC Bank MD and CEO Sashidhar Jagdishan to help Chetan Mehta group remain illegally in control of the LKMM Trust. However, the HDFC Bank's spokesperson said, "We reiterate our unequivocal, categorical and unambiguous denial and condemnation of these egregiously malicious, false and defamatory allegations and insinuations." The bank said it is concerned about its stakeholders and is on the verge of taking strong legal actions as per expert advice, against those who are initiating these baseless allegations with malafide and ulterior motives or involved in propagating the same. Members of the public and media are urged to exercise their critical judgement in reporting or amplifying the unsubstantiated allegations and insinuations, the spokesperson added.
Time of India
27 minutes ago
- Time of India
tilaknagar industries: Allied Blenders buys rights to Mansion House and Savoy Club Brands
Mumbai: Allied Blenders and Distillers Ltd (ABD) said it has acquired global rights for Mansion House and Savoy Club brands from UTO Asia for $1.2 deal excludes territories such as Singapore, Malaysia, Indonesia, Philippines, Thailand, Cambodia, Vietnam, Laos, China, and Myanmar."The acquisition of UTO Asia and the associated ownership of worldwide right, title interest in the Mansion House and Savoy Club brands aligns with ABD's strategic expansion objectives, allowing it to gain full control over the Mansion House and Savoy Club brands on a global scale, while specifically addressing regional interests in key markets," it said in a BSE filing. In India, Tilaknagar Industries Ltd and ABD are involved in a trademark dispute over these brands. While Tilaknagar holds exclusive rights to sell these brands in India, ABD has been granted permission by the Bombay High Court to launch products under the same brand names, particularly in West Industries entered a pact with Herman Jensen (formerly UTO) nearly four decades ago and had claimed the latter ceded the rights of Mansion House brandy to rescue itself from a court action in Rotterdam in 1987. Under this arrangement, Jensen would retain Mansion House brand in whisky, which was a bigger business then. The Dutch side, however, argued that the arrangement was never legally solemnised and moved courts in 2008, when Mansion House brandy had emerged as a formidable brand in the Indian December 2011, a one-member bench of the Bombay HC held that Tilaknagar had the rights to Mansion House in India, but Herman Jensen went on to appeal before a division bench. In 2014, ABD bought a 50% stake in the two brands from Herman Jansen, giving ABD rights to produce and sell them in the country. In February this year, the Bombay HC dismissed Tilaknagar's plea and granted Allied Blenders permission to use the Mansion House brand name for some of its products in West Bengal.
Time of India
27 minutes ago
- Time of India
Bengaluru civic body to replace sodium lamps with smart LEDs
BENGALURU : By replacing traditional sodium street lights with energy-efficient LED lights, BBMP is set to save hundreds of crores in annual electricity costs, reducing power consumption by over 85% and significantly cutting its Rs 380 crore yearly electricity bill. Bengaluru is set to phase out traditional sodium street lights and replace them with LED lights, marking the start of a long-awaited, ambitious project aimed at saving hundreds of crores annually in electricity costs. After six years of planning, the Bruhat Bengaluru Mahanagara Palike (BBMP) is finally implementing the initiative to cut energy expenses by removing conventional street lights and installing energy-efficient LEDs. A BBMP official said, 'The BBMP had commissioned a private company to conduct surveys across seven out of eight BBMP zones (excluding Mahadevapura) to assess the feasibility, cost, energy savings, and financial model for this transition. Based on the survey report, the zones were divided into four packages, tenders finalised, and contracts awarded, with LED installations set to begin from June.' Currently, Bengaluru has about 5,37,000 street lights consuming over 51.5 crore units of electricity annually, costing the BBMP approximately `380 crore every year, including a `330 crore electricity bill paid to BESCOM. The recent electricity tariff hike has further escalated costs. With 40% of the city's street lights already converted to LEDs through BBMP grants and support from local MLAs and corporators, approximately 2 lakh LED street lights are already in place. However, many of these LEDs have exceeded their warranty periods, transferring maintenance responsibilities to contractors. This large-scale transition to LED street lighting is expected to bring significant financial and environmental benefits, easing the city's power burden and ensuring better-maintained, smarter public lightingBBMP Official The new contracts require companies to maintain and operate the LED street lights for seven years, with BBMP making monthly payments totalling `700 crore over the contract period. Besides street lights, the project includes installation of CCTV cameras, pollution sensors, and motion detectors on electric poles. Each streetlight will be equipped with a motion sensor and linked to a centralised control system that monitors and adjusts brightness remotely, targeting an estimated 85.5% reduction in energy consumption. The savings will help BBMP cover electricity bills and contractor payments. In past attempts, a contract awarded in 2018 to a consortium led by Shapoorji Pallonji was cancelled due to delays in LED installation. The project has now been restructured into four packages covering seven zones, with new tenders completed and contracts issued. The centralised monitoring system will instantly detect faults and allow remote control of lighting intensity, ensuring efficient management of street lights across the city. A BBMP official added, 'This large-scale transition to LED street lighting is expected to bring significant financial and environmental benefits, easing the city's power burden and ensuring better-maintained, smarter public lighting.'
