After a joint venture order was received from Gayatri Cresent for the construction of a tunnel in Khambataki Ghat worth Rs 325 crore, hence, Markoline Traffic Controls surged by 6.59 per cent to Rs 135.80. As per the project planning, the company will construct a new six-tunnel lane in the Khambataki Ghat section, which include approaches for the Pune, and the Satara Section of NH4 in the Maharashtra state, under NHDP Phase-Von EPC mode. This project must be executed over 18-24 months with existing unexecuted order booking and unexecuted order booking worth Rs 594 crore. Highway operation & maintenance services will be engaged in this business.
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Today, the counter hit a record high of Rs 137, extending its winning run to the fourth trading session. Markoline Traffic Controls’s shares rose 32.5 per cent in the current trading session.
