MEP Infrastructure's arm receives LOA from NHAI for User Fee Collection Agency

MEP Infrastructure Developers Ltd's Step-down Subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has received a Letter of Award (LOA) dated 2nd May, 2022 from National Highways Authority of India ("NHAI") informing that BTRPL has been engaged as the user fee collection agency on the basis of Competitive Bidding (on e-quotation basis) for Dhilwan Fee Plaza, at km 410.140 Jalandar-Amritsar Section of NH-1 from km 407.100 to km 456.100 in the State of Punjab.
The period of Contract is 3 (Three) months and the operations will commence after 6 (Six) working days from the date of issuance of LOA.

The contractual amount for the said Project is Rs. 10,60,77,600/- (Rupees Ten Crores Sixty Lakhs Seventy Seven Thousand Six Hundred only).

Shares of MEP Infrastructure Developers Limited was last trading in BSE at Rs. 29.65 as compared to the previous close of Rs. 29.50. The total number of shares traded during the day was 1901689 in over 3560 trades.

The stock hit an intraday high of Rs. 30.95 and intraday low of 28.05. The net turnover during the day was Rs. 57526705.00.

Source : Equity Bulls

Keywords

MEPInfrastructureDevelopers INE776I01010 BTRPL LOA NHAI UserFeeCollectionAgency DhilwanFeePlaza