Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

MEP Infrastructure Developers Ltd arm hands over toll operations to NHAI

Posted On: 2016-08-28 20:50:57

One of MEP Infrastructure Developers Ltd's Subsidiary viz. Raima Toll Road Private Limited ("SPV and/or Concessionaire") had entered into the concession agreement with National Highways Authority of India ("NHAI") on April 10, 2013 for Operation and Maintenance of Madurai-Tirunelveli-Panagudi-Kannyakumari section from km.0.00 to km.243.170 (total length 243.170) in the state of Tamil Nadu [Package No.6 (NS)]. The Commercial Operation Date (COD) for the Project was achieved on September 22, 2013.

During the operations period, the Concessionaire was unable to implement the toll notification towards collection of toll dues from certain State operated transport agencies, resulting in significant ongoing loss of revenue for the Concessionaire. Further, also due to non-fulfilment of certain obligations by both the Parties, there have been claims made, which are in the process of being amicably settled.

As part of the amicable settlement process, it has been mutually agreed by the Parties for the concessionaire to hand over the operations of the toll plaza facilities to NHAI from August 25, 2016 at 08:00 hours.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Laffans Petrochemicals Ltd reports jump in Q2 PAT to Rs. 2.93 crores

RSWM Ltd Q2 PAT at Rs. 8.08 crores

Porwal Auto Components Ltd reports higher PAT of Rs. 1.21 crores in Q2

Sun Pharma Q2 FY19 loss at Rs. 218.82 crores

Shreyans Industries Ltd Q2 net profit up at Rs. 8.62 crores

GE T&D India Ltd Q2 PAT higher at Rs. 51.48 crores

Arman Financial Services Ltd Q2 FY19 consolidated PAT vaults to Rs. 5.40 crores

Shivalik Rasayan Ltd Q2 net profit down to Rs. 4.53 crores

INEOS Styrolution India Ltd Q2 PAT slumps to Rs. 7.01 crores

Mayur Uniquoters Ltd posts lower Q2 FY19 net profit of Rs. 20.02 crores

Lovable Lingerie Ltd Q2 net profit down to Rs. 1.39 crore

DCM Ltd reports PAT of Rs. 3.02 crores in Q2 FY19

Sunteck Realty Ltd Q2 net profit falls to Rs. 54.66 crores

DISA India Ltd Q2 FY19 PAT vaults to Rs. 9.12 crores

NMDC Ltd Q2 PAT lower at Rs. 636.49 crores

IRCON International Ltd Q2 net profit climbs to Rs. 83.57 crores

Novartis India Ltd Q2 PAT slides to Rs. 9.37 crores

Kama Holdings Ltd posts net profit of Rs. 18.41 crores in Q2 FY19

KIFS Financial Services Ltd Q2 net profit flat at Rs. 0.647 crore

Engineers India Ltd Q2 net profit at Rs. 97.77 crores

SMS Lifesciences India Ltd Q2 PAT zooms to Rs. 4.41 crores

IITL Projects Ltd Q2 FY19 net profit jumps to Rs. 3.03 crores

Skipper Ltd Q2 net profit plunges to Rs. 2.49 crore

Varroc Engineering Ltd Q2 consolidated net profit climbs to Rs. 100.86 crores

United Bank of India Q2 loss at Rs. 883.17 crores

Bombay Dyeing and Manufacturing Company Ltd Q2 FY19 PAT surges to Rs. 246.28 crores

Ramky Infrastructure Ltd Q2 net profit up at Rs. 11.28 crores

IST Ltd Q2 FY19 net profit soars to Rs. 3.30 crores

Vardhman Holdings Ltd Q2 net profit declines to Rs. 23.04 crores

Jaysynth Dyestuff India Ltd Q2 PAT jumps to Rs. 1.18 crore

Mangalam Cement Ltd reports net profit of Rs. 3.12 crores in Q2

JBM Auto Ltd posts consolidated Q2 PAT of Rs. 23.20 crores

Apollo Tyres Ltd consolidated Q2 PAT falls to Rs. 146.04 crores

Paul Merchants Ltd Q2 PAT at Rs. 4.28 crores

Shristi Infrastructure Development Corporation Ltd posts net profit of Rs. 0.33 crore in Q2

Allsec Technologies Ltd Q2 FY19 consolidated PAT drops on provision

B & A Ltd Q2 net profit slips to Rs. 15.22 crores

Hawkins Cookers Ltd Q2 FY19 net profit lower at Rs. 17.59 crores

Indian Terrain Fashions Ltd Q2 PAT up at Rs. 8.19 crores

Allahabad Bank Q2 loss at Rs. 1822.71 crores

Anup Malleable Ltd reports H1 FY19 net profit of Rs. 1.719 crore

Kamdhenu Ltd Q2 FY19 PAT rises to Rs. 5.19 crores

Captain Pipes Ltd H1 net profit at Rs. 0.17 crore

Sutlej Textiles & Industries Ltd Q2 PAT falls to Rs. 24.85 crores

Mirza International Ltd Q2 consolidated PAT slips to Rs. 16.10 crores

Southern Magnesium & Chemicals Ltd Q2 PAT zooms to Rs. 0.88 crore

Morganite Crucible India Ltd posts higher PAT in Q2 FY19

B&A Packaging India Ltd Q2 PAT declines to Rs. 1.50 crore

DIL Ltd Q2 consolidated PAT zooms to Rs. 31.95 crores

Universal Starch-Chem Allied Ltd Q2 loss at Rs. 1.08 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018