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MEP Infrastructure’s JV receives LoA for three projects

28 Mar 2018 Evaluate

MEP Infrastructure Developers in joint venture (JV) with LongJian Road & Bridge Company has received Letter of Award (LoA) from National Highways Authority of India (NHAI) for three projects.

The first project is Ausa Chakur Project-four Laning of Ausa- Chakur Sec of NH-361 from 55.835 km to114.345 km (Design length 58.51 km) in State of Maharashtra on HAM with Bid Cost of Rs 848.63 crore, second one is Chakur Loha Project-four Laning of Chakur-Loha Sec of NH-361 from114.600 km to 187.800 km (Design length 73.345 km) in State of Maharashtra on HAM with Bid Cost of Rs 1001.10 crore and third one is Loha Waranga Project-four Laning of Loha-Waranga Sec of NH-361 from 187.800 km to 244.369 km (Design length 56.569 km) in State of Maharashtra on HAM with Bid Cost of Rs 1073.10 crore.

The Construction Period for all three projects is 2 years from the Appointed Date. The Concession Period for all three Projects is 15 years (excluding Construction Period of 2 years).

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 Share Price

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Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
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