Marc Technocrats Limited Secures Two Major Contracts with NHAI for Highway Supervision
Marc Technocrats Limited (MTL) has secured two separate Letters of Award (LoAs) from the National Highways Authority of India (NHAI) for providing Independent Engineer services across significant sections of National Highway 927 (NH-927) in Uttar Pradesh. The contracts, focused on supervision for Hybrid Annuity Mode (HAM) projects under the NH(O) Scheme, collectively amount to Rs. 9.20 Crores excluding GST.The awarded contracts involve providing comprehensive engineering support, including design review, construction supervision, and Operation and Maintenance (O&M) monitoring, for 4-lane highway projects on NH-927 in Uttar Pradesh. The services are mandated by the National Highways Authority of India (NHAI), a domestic entity.
Contract Details Overview
The two contracts cover distinct segments and adhere to the same operational model, with specific financial and timeline details as follows:| Parameter | Package I | Package II | Aggregate Total |
|---|---|---|---|
| Project Description | Supervision of 4-Lane highway (Barabanki Chainage Km 0.000 to Km 43.700) on NH-927. | Supervision of 4-Lane highway (Mustafabad Chainage Km 43.700 to Chainage Km 98.475) on NH-927. | Two separate projects. |
| Contract Value | Rs. 4.60 Crores excluding GST. | Rs. 4.60 Crores excluding GST. | Rs. 9.20 Crores excluding GST. |
| Execution Period | 48 Months (Design: 6 Months + Construction: 24 Months + O&M: 18 Months). | 48 Months (Design: 6 Months + Construction: 24 Months + O&M: 18 Months). | N/A |
| Service Nature | Independent Engineering. | Independent Engineering. | N/A |
Project Specifics and Scope
The first contract pertains to the supervision of the 4-lane highway section on NH-927 in Uttar Pradesh, running from Barabanki Chainage Km 0.000 to Chainage Km 43.700. This project is designated as Package-I under the NH(O) Scheme and utilizes the HAM Mode.The second contract involves the supervision of a 4-lane highway segment on NH-927 in Uttar Pradesh, covering the stretch from Mustafabad Chainage Km 43.700 to Chainage Km 98.475. This constitutes Package-II under the same HAM Mode and NH(O) Scheme.
The contracts are being executed by Marc Technocrats Limited in joint venture with M/s Global Infra Solutions. The orders, which fall entirely within the scope of Independent Engineering services, do not constitute related party transactions.
MARC Stock Price Movement
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