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MEP Infrastructure Developers gets LoA for project in Maharashtra

23 Aug 2019 Evaluate

MEP Infrastructure Developers (MEP) has received Letter of Acceptance (LoA) on August 22, 2019 from Public Works Department, Government of Maharashtra. The project is for Collection of toll at approved rates on all specified vehicles at Thane-Bhiwandi-Wadpa Road (SSH) SH 84 BOT Project from km. 0/000 to km. 8/090 in Thane district in the state of Maharashtra.

The operations will commence after complying the statutory formalities viz. submission of performance security, signing of contract as per the LoA. The period of the contract is 3 years. The total contractual amount for the said Project is Rs 36.63 crore payable on quarterly upfront basis.

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

0.88 0.01 (1.15%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3959.90
Rail Vikas Nigam 275.10
NCC 153.05
KEC International 573.95
Kalpataru Projects 1181.65
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