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MEP Infrastructure Developers Ltd receives LOA from NHAI for user fee collection at Sergarh Fee Plaza

Posted On: 2021-02-24 08:14:40 (Time Zone: Arizona, USA)


MEP Infrastructure Developers Limited ('MEP') has received the Letter of Award (LOA) dated February 24, 2021 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the collection of user fee through e-tender for Sergarh Fee Plaza at Km. 97.960 (Old Km 182.175) for the section from Km 143.635 to Km 80.994 (Bhadrak to Balasore Section) of NH-5 in the state of Odisha.

The operations will commence after 12 (twelve) days from the date of issuance of LOA and the contractual amount for the said Project is Rs. 62,73,00,000/-(Rupees Sixty Two Crores Seventy Three Lakhs only) payable to NHAI.

Shares of MEP Infrastructure Developers Ltd was last trading in BSE at Rs.16.15 as compared to the previous close of Rs. 15.85. The total number of shares traded during the day was 39028 in over 155 trades.

The stock hit an intraday high of Rs. 16.2 and intraday low of 15.8. The net turnover during the day was Rs. 626056.


Source: Equity Bulls

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