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Markolines Pavement Technologies Ltd Overview
Fundamentals of Markolines Pavement Technologies Ltd
|P/E Ratio (TTM)||17.36|
|Debt to Equity||0.36|
Financials of Markolines Pavement Technologies Ltd
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About Markolines Pavement Technologies Ltd
The Company was originally incorporated as 'Mark-O-Line Traffic Controls Private Limited' on November 08, 2002 in Pune, Maharashtra as a Private Limited Company under the Companies Act, 1956 with the ... Registrar of Companies, Pune. Name of the Company was changed from 'Mark-O-Line Traffic Controls Private Limited' to 'Markolines Traffic Controls Private Limited' vide Fresh Certificate of Incorporation consequent upon change of name pursuant to Shareholders' Resolution passed at the Extra Ordinary General Meeting held on February 17, 2018. Further, the Company got converted into Public Limited pursuant to Shareholder's Resolution passed at the Extraordinary General Meeting of the Company held on April 19, 2021 and the name of Company was changed to 'Markolines Traffic Controls Limited' and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated August 10, 2021 was issued by Registrar of Companies, Mumbai, Maharashtra. The Company is promoted by Mr. Sanjay Bhanudas Patil and Mr. Karan Bora. Mr. Sanjay Bhanudas Patil is the guiding force behind all strategic decisions of the Company and has been an anchor to the Company since incorporation. The Company is engaged in the business of providing highway operations & maintenance (O& M) services. The principal business operations are broadly divided into three categories comprising of Highway Operations, Highway Maintenance and Specialized Maintenance Services. Under Highway Operations, the Company provide services like Toll operations, Route Patrolling and Incident management; Under Highway Maintenance, the Company provide services like Routine Maintenance, Preventive Maintenance and Major Maintenance & Repairs (MMR); and under Specialized Maintenance Services, the Company provide services which enhance the life and quality of road, these are Microsurfacing (MS), Base / Sub-base Stabilization (FDR) and Cold In Place Recycling (CIPR). In the year 2002, the Company started its business operation with a single product that was thermoplastic road marking and introduced the extrusion technology for road marking in India by importing a fully automated machine which was used to mark the road in a hassle free and precise manner. The Company executed more than 90 highway operations & maintenance (O& M) projects. The Company have projects for major maintenance & repairs of around 285.71 km of National Highways in the States of West Bengal, Maharashtra and Rajasthan. It has projects for Toll Operations, Routine Maintenance, Route Patrolling services, of managing around 943.31 km of National Highways and diversified in the State of Rajasthan, Uttar Pradesh, Maharashtra, Jharkhand, Bihar, Tamil Nadu, West Bengal and Andhra Pradesh as well. In 2003, the Company executed its first road project for Larsen & Toubro Limited with a project cost of Rs. 97.05 lakhs. In 2009, the Company ventured into Highway Operation & Maintenance of Infrastructure Projects. In 2012, the Company completed 10 Toll Plazas Under Management within a short span of 3 years. In 2014, the Company decided to go for the specialized road surfacing treatment by venturing into Micro surfacing. In 2016, the Company started Major Maintenance & Repairs (MMR) Services for Highways. The Company received a Single Work Order of 125 Kms. for MMR . The Company has been a pioneer in introducing latest technologies and successfully delivering high quality services to all clients. The first project of Road Marking executed for Ahmedabad- Vadodara became a Landmark Project in terms of quality and precision. In 2017, the Company has done the same by introducing the Micro surfacing with Fiber in India. This use of technology and innovative approach towards its services helped the Company in completing (O&M) contracts with superior quality standards within time. In 2018, the Company ventured into Cold-In-Place Recycling (CIPR) and Base /Sub base Stabilization (FDR). The Company executed First Airport Maintenance Project in India. In 2019, the Company received an Order for Laying, Joining &Commissioning of DI K-9/DI K-7 Class Pipe for Raw/ Clear Water pumping feeder. In 2020, the Company executed a plan for India's largest BSM/ CIPR of 142.918 Lane Kms / 8.87 lakh sq. m. The Company completed single largest Work Order of 9 lakh sq. m. out of 13 lakh sq. m. for Micro surfacing with fiber. Read More
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