Marc Technocrats Limited Awarded Project for Punjab Road Maintenance
Marc Technocrats Limited has secured a new contract involving road monitoring and financial auditing work in District Pathankot. The project involves serving as Third Party Techno Financial Auditors for the Dunera Saliali Lehroon Gall road, spanning KM 0.00 to 12.00 KM in District Pathankot.The order was awarded by PWD B&R (Punjab) and pertains to the construction supervision and overall monitoring of the specified route. The contract stipulates that Marc Technocrats Limited will oversee the work for a total period encompassing a one year defect Liability period followed by a four-year maintenance period.
Key details regarding the contracted work are provided below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | PWD B&R (Punjab) |
| Nature of Contract | Third Party Techno Financial Auditors |
| Scope of Work | Auditing and monitoring for Dunera Saliali Lehroon Gall road, KM 0.00 to 12.00 KM in District Pathankot |
| Contract Duration | 60 Months (One year defect Liability period + Four-year maintenance period) |
| Consideration | 11.48 Lacs (Rupees Eleven Lac Forty Eight Thousand Only) Including GST |
The contract is designated as a domestic transaction, and the company confirmed that no interest of the promoter or promoter group exists in the entity that awarded the order. Furthermore, the transaction does not fall under related party transactions.
MARC Stock Price Movement
Marc Technocrats Limited closed higher today, successfully gaining ₹1.40 or 1.1% to settle at ₹128.25. The stock posted an intraday range between a low of ₹126.85 and a high of ₹131.5, with 27,600 shares trading during the session.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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