<h1>Marc Technocrats Limited Awarded Project Management Contract for NH-63 Upgradation in Maharashtra</h1>
Marc Technocrats Limited (MTL) has been awarded a significant Project Management Contract (PMC) for the rehabilitation and upgradation of National Highway 63 (NH-63) in the state of Maharashtra. The contract, awarded by Pradeepraj Infra Pvt. Ltd., involves the comprehensive management of the infrastructure project.
The project focuses on the Rehabilitation and Upgradation of NH-63, specifically covering the section from Udgir to Degloor and Aadampur phata to Sagroli Phata. The work includes creating a Two/Four lane configuration with a Paved Shoulder configuration, and is being executed on a Hybrid Annuity Mode. The total length of the highway section covered under the contract is 78.713 km.
The total consideration for the Project Management Contract stands at 12,00,09,500/- (Rupees Twelve Crore Nine Thousand Five Hundred Only), excluding GST. The execution period for the contract is set for 12 Months.
MTL confirmed that the entity awarding the contract, Pradeepraj Infra Pvt. Ltd., is a domestic entity. Furthermore, the company confirmed that the contract does not involve related party transactions, and the promoter or promoter group holds no interest in the awarding entity.
Key details of the contract are as follows:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | Pradeepraj Infra Pvt. Ltd. |
| Nature of Contract | Project Management Contract (PMC) |
| Type of Entity | Domestic |
| Contract Duration | 12 Months |
| Contract Value | 12,00,09,500/- (Excluding GST) |
MARC Stock Price Movement
As of 1:36 PM, shares of Marc Technocrats Limited are edging higher to ₹145.25 in live trading, gaining ₹0.15 (0.1%) from the previous close.The stock maintains strong upward momentum, currently testing near its 52-week high of ₹145.95 and consolidating within a significant trading band that ranges from ₹40.75 to ₹174.10.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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