Marc Technocrats Limited Awarded Project for Road Modernization in Pathankot
Marc Technocrats Limited secured a project contract related to the modernization and upgradation of link roads in District Pathankot. The engagement involves serving as Third Party Techno Financial Auditors, alongside construction supervision and Operations and Maintenance (O&M) monitoring duties.The project has been awarded by PWD B&R (Punjab). This domestic contract is tied to the Special Assistance project Phase-II for FY 2025-26 and focuses on various link roads in Constituency Bhoa associated with M.C N.J. Singh.
Marc Technocrats Limited will execute the work over a period of 60 Months, which includes a one year defect Liability period followed by a four year maintenance period.
The financial details and terms of the order are as follows:
| Particulars | Details |
|---|---|
| Entity Awarding the Order | PWD B&R (Punjab) |
| Nature of Contract | Third Party Techno Financial Auditors |
| Project Scope | Modernization/Upgradation of various link roads in Constituency Bhoa, M.C N.J. Singh under Special Assistance project, Phase-II, FY 2025-26, including construction supervision and O&M monitoring. |
| Contract Duration | 60 Months (1 year defect Liability + 4 years maintenance) |
| Broad Consideration / Size of Order | 11.37 Lacs (Rupees Eleven Lac Thirty-Seven Thousand Only) Including GST |
The transaction is categorized as a domestic entity contract and does not fall under related party transactions, with the company having no interest in the awarding entity.
MARC Stock Price Movement
Today, shares of Marc Technocrats Limited surged to close at ₹126.85 in post-market trading, rallying 9.91% as the stock achieved its 52-week high. The limited stock saw a total volume of 122,400 shares traded, indicating strong buying interest 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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