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MEP Infrastructure Developers zooms on getting LoA from NHAI

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

03 Feb 2021 Evaluate

MEP Infrastructure Developers is currently trading at Rs. 18.95, up by 1.65 points or 9.54% from its previous closing of Rs. 17.30 on the BSE.

The scrip opened at Rs. 17.90 and has touched a high and low of Rs. 19.20 and Rs. 17.90 respectively. So far 36127 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 41.95 on 10-Feb-2020 and a 52 week low of Rs. 9.43 on 09-Apr-2020.

Last one week high and low of the scrip stood at Rs. 19.20 and Rs. 16.70 respectively. The current market cap of the company is Rs. 344.88 crore.

The promoters holding in the company stood at 61.71%, while Institutions and Non-Institutions held 11.13% and 27.16% respectively.

MEP Infrastructure Developers has received the Letter of Award (LoA) on February 02, 2021 from National Highways Authority of India (NHAI) for informing that MEP has been engaged as the Contractor for the collection of user fee on the basis of the Competitive Bidding through e-tender for Pithai Fee Plaza at km 37.300 for 4 lanning of Ahmedabad - Godhra Section of NH-59 from km 4.200 to km 122.420 in the state of Gujarat under NHDP Phase-III on DBFOT pattern.

Period of contract is 1 year. The operations will commence after 12 days from the date of issuance of LoA. The contractual amount for the said Project is Rs 30,69,00,000 payable to NHAI.

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

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MEP Infrastructure Developers zooms on getting LoA from NHAI

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