MEP Infrastructure Developers is currently trading at Rs. 58.20, up by 0.30 points or 0.52% from its previous closing of Rs. 57.90 on the BSE.
The scrip opened at Rs. 57.05 and has touched a high and low of Rs. 58.20 and Rs. 57.00 respectively. So far 20642 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 124.70 on 19-Sep-2017 and a 52 week low of Rs. 53.50 on 20-Jul-2018.
Last one week high and low of the scrip stood at Rs. 62.70 and Rs. 57.00 respectively. The current market cap of the company is Rs. 1063.07 crore.
The promoters holding in the company stood at 61.92%, while Institutions and Non-Institutions held 19.00% and 19.08% respectively.
SDMC has ordered to MEP Infrastructure Developers (MEP) to suspend Collection of Toll Tax from any of the specified commercial vehicle between the period August 9, 2018 to September 13, 2018 i.e. 36 days, the period set for completion of installation of Radio Frequency Identification Device (RFID) work. The settlement of claims, if any, will be dealt as per the provisions of the Contract Agreement executed with the authority.
In this regard, MEP has received a letter dated August 8, 2018 from the Office of the Director Local Bodies (Toll Tax Department) (DLB) informing that in compliance with of orders of Supreme Court of India dated August 22, 2016 and directions of EPCA & Government of Delhi, the SDMC is in the process to install RFID System through its selected concessionaire- Tecsidel India- GHV (India) at 13 border toll road entry points (covering 65 toll lanes) to National Territory of Delhi on EPC mode.
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.
