MEP Infrastructure Developers’ Step-down Subsidiary viz. Bhalaji Toll Road (BTRPL) has signed the Contract Agreement on May 9, 2022 with National Highways Authority of India (NHAI) for the project of collection of user fee for GUABARI FEE PLAZA at km 243.00 from km 228.00 to km 254.500 from Salsalabari to West Bengal Assam Border Section of NH-31C in the state of West Bengal.
The NHAI has issued a Work Order dated May 9, 2022 and as per the said Work Order, the commercial operation has commenced from May 10, 2022 and the period of the said Contract is starting from May 10, 2022 to August 10, 2022 i.e. 3 (three) months or till the new agency is in place whichever is earlier.
MEP Infrastructure Developers is engaged in tolling operations of the road infrastructure sector, with a pan-India presence. MEP Infra is in the business of pure toll collection projects as well as OMT projects, which involve maintenance obligations in addition to toll collection on operational roads (including highways) constructed by third parties.
MEP Infrastructure Developers is currently trading at Rs. 24.95, up by 0.70 points or 2.89% from its previous closing of Rs. 24.25 on the BSE.