Marc Technocrats Limited Awarded Project as Third Party Techno Financial Auditor for PWD B&R (Punjab)
Marc Technocrats Limited (MTL) has been awarded a new project by PWD B&R (Punjab). The contract involves MTL serving as the Third Party Techno Financial Auditors for a specific road network within District Pathankot.The project focuses on the work related to Shahpur Kandi KM Pathankot Shahpur Kandi Road and Bani Lodhi Kotli of road in District Pathankot. The scope also includes construction supervision, 0&M monitoring, and defect liability management.
The contract is a domestic order from PWD B&R (Punjab). MTL was awarded the mandate to serve as Third Party Techno Financial Auditors for this project.
Key details regarding the contract award are presented below:
| Particulars | Detail |
|---|---|
| Awarding Entity | PWD B&R (Punjab) |
| Nature of Contract | Third Party Techno Financial Auditors |
| Project Scope | Shahpur Kandi KM Pathankot Shahpur Kandi Road (Section Sujanpur link road to Muglan road 13.48, Section 5.83 to 13.48 = 7.65 KM) & Bani Lodhi Kotli of road from 5 to Year J&K Boundary Road in District Pathankot |
| Time Period | 60 Months (This includes a one year defect liability period and a four year maintenance period) |
| Contract Value | ₹12.70 Lacs (Rupees Twelve Lac Seventy Thousand Only), including GST |
The transaction was confirmed to be conducted at arm's length, as it does not fall under related party transactions. MTL holds no interest in the entity that awarded the order.
MARC Stock Price Movement
Today, shares of Marc Technocrats Limited rallied as the stock settled higher by 1.10%, closing at ₹128.25 in post-market trading. The equity successfully surged to achieve a new 52-week high during the session, with total traded volume standing strong at 27,600 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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