MEP Infra receives LOA from NHAI for user fee collection for PITHAI Fe Plaza

Mep Infrastructure Developers Limited ('MEP') has received the Letter of Award (LOA) dated February 02, 2021 from National Highways Authority of India (NHAI) stating that MEP has been engaged as the Contractor for the collection of user fee on the basis of the Competitive Bidding through e-tender for PITHAI FEE PLAZA at km 37.300 for 4 laning of Ahmedabad - Godhra Section of NH-59 from km 4.200 to km 122.420 in the state of Gujarat under NHDP Phase-III on DBFOT pattern.

Key highlights of the Project are as under:

User Fee Collection rights at Pithai Fee Plaza.

Terms of the Contract Agreement:

- Period of Contract is 1 (one) year.

- The operations will commence after 12 (twelve) days from the date of issuance of LOA.

The contractual amount for the said Project is Rs. 30,69,00,000/- (Rupees Thirty Crores Sixty Nine Lakh only) payable to NHAI.

Shares of MEP Infrastructure Developers Ltd was last trading in BSE at Rs.17.3 as compared to the previous close of Rs. 17.3. The total number of shares traded during the day was 12292 in over 78 trades.

The stock hit an intraday high of Rs. 17.85 and intraday low of 17.15. The net turnover during the day was Rs. 215313.

Source : Equity Bulls

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