MEP Infrastructure Developers arm receives LOA from NHAI for Panikholi Fee Plaza

MEP Infrastructure Developers Limited's step-down Subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has received a Letter of Award (LOA) dated 3rd June, 2022 from National Highways Authority of India ("NHAI") informing that BTRPL has been engaged as the user fee collection agency through e-tender for Panikholi Fee Plaza, at km 88.435 (Km 191.698 New) for section from Km 62.000 - 136.500 (New Chainage km 218.000 - Km 143.500) (Chandikhole to Bhadrak Section) of NH-5 in the State of Odisha.

Key highlights of the Project:

User Fee Collection rights at Panikhoj Fee Plaza.

Period of Contract is 3 (Three) Months.

The operations will commence after 6 (Six) working days from the date of issuance of LOA.

The Daily Remittance for the said Project is Rs. 28,77,300/- (Rupees Twenty Eight Lakhs Seventy Seven Thousand Three Hundred only).

Shares of MEP Infrastructure Developers Limited was last trading in BSE at Rs. 21.85 as compared to the previous close of Rs. 22.35. The total number of shares traded during the day was 47765 in over 276 trades.

The stock hit an intraday high of Rs. 23.30 and intraday low of 21.60. The net turnover during the day was Rs. 1057979.00.

Source : Equity Bulls

Keywords

MEPInfrastructureDevelopers INE776I01010 BhalajiTollRoad PanikholiFeePlaza