Marc Technocrats Awarded Project for Patna-Arrah-Sasaram Highway Corridor in Bihar
Marc Technocrats Limited (MTL) has secured a new project involving Independent Engineering Services for the construction of the Patna-Arrah-Sasaram corridor in the state of Bihar.The contract was awarded by the National Highways Authority of India (NHAI). The scope of work includes design review, construction supervision, and O&M monitoring for a 4-lane Greenfield highway project on Hybrid Annuity Mode (HAM).
Project Details and Financials
According to the details provided in the order award, the contract is valued at 6.00 Crore Rupees excluding GST. The contract falls under the nature of Independent Engineering services and has been awarded by a domestic entity.
The execution timeline for this project includes:
- Development Period: 48 Months
- Construction Period: 6 Months to 24 Months
- O&M Period: 18 Months
No interest exists between Marc Technocrats Limited and the entity that awarded the order, and the transaction is not classified as a related party transaction.
The project involves two sections of the corridor: Section 1 (Garhani at Ch. Km 73+700 to Patar at Ch. Km 84+300) and Section 2 (Greenfield from Sadisopur at Patna Ring Road (NH-131G) Ch. Km 0+000 to Asani (at NH-319) at Ch Km 35+800 of NH-119A in Bihar).
| Particulars | Details |
|---|---|
| Awarding Entity | National Highways Authority of India (NHAI) |
| Nature of Contract | Independent Engineering Services |
| Order Value | 6.00 Crore Rupees excluding GST |
| Timeframe | Development Period: 48 Months; Construction Period: 6 Months to 24 Months; O&M Period: 18 Months |
The contract is domestic in nature and the service provided is Independent Engineering.
MARC Stock Price Movement
On Monday, shares of Marc Technocrats Limited surged dramatically, closing at ₹107.80 after gaining 16.68%. The stellar performance saw the stock reach its annual high, supported by a traded volume of 93,600 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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