MEP Infrastructure Developers Ltd JV bags LOA for new project

MEP Infrastructure Developers Limited ('MEP') in Joint Venture with M/s. Ozoneland Private Limited has received today a Letter of Award ('LOA') dated October 25, 2021 from Public Works Department(PWD), Government of Maharashtra for the following Project:

"HAM PN - 153 Improvements to Solapur Ring Road SH 205 km 0/00 to 28/800, 29/800 to 44/600, 48/400 to 54/150 and km 62/00 to 66/550, in the state of Maharashtra under Hybrid Annuity Mode."

The Bid Project Cost is Rs. 183.42 Crores (Rupees One Hundred Eighty Three Crores and Forty Two Lacs only) and first year O&M Cost is 3.33 Crores (Rupees Three Crores and Thirty Three Lacs only).

The Company will receive Semi-Annual Annuity from PWD, Government of Maharashtra post Commercial Operation Date (COD).

Shares of MEP Infrastructure Developers Limited was last trading in BSE at Rs. 21.80 as compared to the previous close of Rs. 21.05. The total number of shares traded during the day was 36192 in over 89 trades.

The stock hit an intraday high of Rs. 22.10 and intraday low of 21.05. The net turnover during the day was Rs. 778821.00.

Source : Equity Bulls

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MEPInfrastructureDevelopers INE776I01010 OrderWin