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Tuesday, March 28, 2023
HomeNewsTop NewsMEP Infrastructure Developers touches roof after its arm gets LoA from NHAI

MEP Infrastructure Developers touches roof after its arm gets LoA from NHAI

MEP Infrastructure Developers is currently trading at its upper limit of Rs. 29.50, up by 1.40 points or 4.98% from its previous closing of Rs. 28.10 on the BSE.

MEP Infrastructure Developers’ Step-down Subsidiary — Bhalaji Toll Road (BTRPL) has received Letter of Award (LOA) from National Highways Authority of India (NHAI). BTRPL has been awarded 2 Projects i.e. Guabari Fee Plaza and Nalavadi Fee Plaza. For both the projects, period of contract is three months.

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 its upper limit of Rs. 29.50, up by 1.40 points or 4.98% from its previous closing of Rs. 28.10 on the BSE.

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