Bhalaji Toll Road Pvt Ltd signs contract agreement with NHAI for Dhilwan Fee Plaza

MEP Infrastructure Developers Ltd's stepdown subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has signed the Contract Agreement on 17th May, 2022 with National Highways Authority of India ("NHAI") for the project of collection of user fee on the basis of e-quotation through e-tender at 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 NHAI has issued a Work Order dated 17th May, 2022 and as per the said Work Order, the commercial operation has commenced from today i.e. 18th May, 2022 at 08.00:00 hrs and the period of the said Contract is starting from 18th May, 2022 (08.00:00 hrs) to 18th 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. 22.75 as compared to the previous close of Rs. 21.70. The total number of shares traded during the day was 58122 in over 157 trades.

The stock hit an intraday high of Rs. 22.75 and intraday low of 22.25. The net turnover during the day was Rs. 1314087.00.

Source : Equity Bulls

Keywords

MEPInfrastructureDevelopers INE776I01010 BhalajiTollRoad ContractAgreement NHAI DhilwanFeePlaza