MEP Infrastructure shines on winning new order

MEP Infrastructure Developers and Sanjose India Infrastructure & Construction's joint venture has received orders from NHAI (National Highways Authority of India). The Bid Project Cost for the project is Rs 604.68 crore and O&M Bid is Rs 8.46 crore for the first year.

MEP Infrastructure has bagged project of four laning of Mahuva to Kagavadar of NH-8E from Km 100.1 to Km 139.915 (Design Chainage from Km 100.45 to Km 140.47) (Package III) in the State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV. The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD).

The construction period will have 2.5 years’ period and concession period of 15 years.

MEP Infrastructure Developers - Sanjose India Infrastructure & Construction - JV, hybrid annuity order book stands at Rs 3836.99 crore to be executed over the next 3 years from the appointed date.

The share price of MEP Infrastructure Developers has increased by 8.28 per cent on bourses after receiving orders and is trading at Rs  38.4 on an intraday basis.

MEP Infrastructure Developers is a toll management company. The company operates network of roads, highways, bridges and toll plazas. It operates 47 toll plazas across nine states and has completed 73 projects with approximately 131 toll plazas and 825 lanes across 12 states in India.