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Western Express Highway
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Markolines wins Rs 135cr Mumbai road contracts, but margins matter
Markolines Pavement Technologies has received two Brihanmumbai Municipal Corporation contracts for specialised resurfacing on Mumbai's Eastern and Western Express Highways. The awards expand its infrastructure backlog to ₹624.22 crore, but their six-month execution schedule and tax-inclusive headline value make delivery margins and cash conversion important considerations.
November 7, 2026