MEP Infrastructure Developers Limited receives LOA for fee collection for Badarpur Elevated Plaza

MEP Infrastructure Developers Limited ('MEP') has received the Letter of Award (LOA) dated February 4, 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-quotation (e-tender) for Badarpur Elevated Plaza at Km. 18.700 and Km. 20.200 on Section from Km. 16.100 to Km. 20.500 of NH-2 in the State of Delhi & Haryana.

Key highlights of the Project are as under

- User Fee Collection rights at Badarpur Elevated Plaza.

Terms of the Contract Agreement:

- Period of Contract is 3 (Three) Months.

- The operations will commence from six working days after complying the statutory formalities viz. submission of performance security and signing of contract.

The contractual amount for the said Project is Rs. 9,72,81,000 (Rupees Nine Crores Seventy Two Lakhs Eighty One Thousand only) payable to NHAI on daily basis for a period of Three Months.

Shares of MEP Infrastructure Developers Ltd was last trading in BSE at Rs.17 as compared to the previous close of Rs. 17.6. The total number of shares traded during the day was 46471 in over 226 trades.

The stock hit an intraday high of Rs. 17.6 and intraday low of 16.9. The net turnover during the day was Rs. 792511.

Source : Equity Bulls

Keywords