MEP Infrastructure Private Limited ('MEPINFRA') a Subsidiary of MEP Infrastructure Developers Ltd has received an email dated 25th March, 2020 from the Maharashtra State Road Development Corporation ('MSRDC/Authority') in relation to the tolling operations in view of Covid-19 epidemic in the Country and vis a vis to suspend the collection of toll at all Toll Plazas of Five Mumbai Entry Points viz. Airoli, Mulund-EEH and Mulund-LBS Toll, Vashi and Dahisar Toll Plazas with immediate effect, till further orders.
As per the email we wish to state that the prevailing condition may be treated as Force Majeure of the Contract Agreement and the SPV is entitled for relief as per terms of the Contract Agreement.
Shares of MEP Infrastructure Developers Ltd was last trading in BSE at Rs.13.4 as compared to the previous close of Rs. 14.1. The total number of shares traded during the day was 61340 in over 32 trades.
The stock hit an intraday high of Rs. 13.4 and intraday low of 13.4. The net turnover during the day was Rs. 821956.