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MEP Infrastructure gains on receiving LOA worth Rs 28.71 crore

MEP Infrastructure Developers Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 539126 | NSE: MEP

13 Apr 2018 Evaluate

MEP Infrastructure Developers is currently trading at Rs. 80.50, up by 0.45 points or 0.56% from its previous closing of Rs. 80.05 on the BSE.

The scrip opened at Rs. 80.40 and has touched a high and low of Rs. 80.65 and Rs. 79.50 respectively. So far 15751 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.00 on 10-Jul-2017 and a 52 week low of Rs. 60.25 on 27-Apr-2017.

Last one week high and low of the scrip stood at Rs. 82.25 and Rs. 77.30 respectively. The current market cap of the company is Rs. 1463.90 crore.

The promoters holding in the company stood at 69.87%, while Institutions and Non-Institutions held 9.58% and 20.55% respectively.

MEP Infrastructure Developers (MEP) has received Letter of Award (LOA) from Indian Highways Management Company (an initiative of NHAI). The LOA is for providing services of Hybrid ETC & Toll Management Systems at Eastern Peripheral Expressway (EPE).

The operation will commence from the date of the signing of the contract agreement including the time required for installation and commissioning of all services being provided under this agreement. The contract is worth Rs 28.71 crore and period of contract is 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

0.92 0.01 (1.10%)

17-Apr-2026 16:59 View Price Chart

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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MEP Infrastructure gains on receiving LOA worth Rs 28.71 crore

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