Bhalaji Toll Road Pvt Ltd receives LOA for user fee collection Nalavadi Fee Plaza

MEP Infrastructure Developers Ltd's step-down subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has signed the Contract Agreement on 10th May, 2022 with National Highways Authority of India ("NHAI") for the project of collection of user fee for NALAVADI (Km 161.200) FEE PLAZA for section from Hubballi Hospet Section of NH-63 from Design Chainage Km 128.850 to Km 272.571 (Existing Km 129. 549 to Km 267.000) in the state of Karnataka.

The NHAI has issued a Work Order dated 10th May, 2022 and as per the said Work Order, the commercial operation has commenced from today i.e. 11th May, 2022 at 08.00:00 hrs and the period of the said Contract is starting from 11th May, 2022 (08.00:00 hrs) to 11th August, 2022 (07.59:59 hrs) i.e. 3 (three) months or till the new agency is in place whichever is earlier.

Shares of MEP Infrastructure Developers Limited was last trading in BSE at Rs. 23.05 as compared to the previous close of Rs. 24.25. The total number of shares traded during the day was 288542 in over 738 trades.

The stock hit an intraday high of Rs. 25.45 and intraday low of 23.05. The net turnover during the day was Rs. 7106680.00.

Source : Equity Bulls

Keywords

MEPInfrastructureDevelopers INE776I01010 BhalajiTollRoad UserFeeCollection NalavadiFeePlaza