MEP Infrastructure Developers arm receives LoA from NHAI; Stock climbs 5%

MEP Infrastructure Developers Ltd has informed the Exchanges that its Step-down Subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has received Letter of Award (LOA) dated April 28, 2022 from National Highways Authority of India (“NHAI”) informing that BTRPL has been awarded the following 2 (two) Projects.

Guabari Fee Plaza: User fee collection agency through e-tender at Guabari Fee Plaza at Km 243.00 from Km.228.00 to Km 254.500 on Salsalabari to West Bengal Assam Border section of NH-31C in the State of West Bengal. The contract value is Rs7,90,07,400/-.

Nalavadi Fee Plaza: User fee collection agency through E-quotation basis (e-tender) for Nalavadi (km 161.200) fee plaza for the section from Hubbali Hospet section of NH-63 from Design Chainage Km 128.850 to km 272.571 (Existing Km 129.549 to Km 267.000) in the State of Karnataka. The contract value is Rs11,13,75,000/-.

Further as per regulatory filing, the period of contract is three months and the operations will commence from 6 working days from the date of LoA for both the projects, said company on Friday.

MEP Infrastructure Developers was trading at Rs29.50 apiece up by Rs1.4 or 4.98% on the BSE, at around 1:01 PM.