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MEP Infrastructure Developers arm receives LoA of Rs65.07 crore project from NHAI

The company s step-down subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has received a Letter of Award (LOA) dated March 14, 2022 from NHAI. ....

State Of Odisha , Authority Of India , Mep Infrastructure Developers Ltd , Developers Ltd , Toll Road Private Limited , National Highways Authority , Sergarh Fee Plaza , Balasore Section ,

MEP Infra gains on commencing tolling operations in Odisha

MEP Infrastructure Developers rose 1.24% to Rs 16.35 after the company said it commenced tolling operations at Sergarh Fee Plaza in Odisha from 6 April 2021.The National Highways Authority of India (NHAI) has engaged MEP Infrastructure Developers as the contractor for the collection of user fee through e-tender for Sergarh Fee Plaza of NH-5 in the state of Odisha. The period of the said contract is one year till 6 April 2022. The contractual amount for the said project is Rs 62.73 crore payable to NHAI.
On a consolidated basis, MEP Infrastructure Developers reported a net profit of Rs 82.10 crore in Q3 FY21 as compared to a net loss of Rs 71.87 crore in Q3 FY20. Net sales dropped 41.2% to Rs 282.43 crore in Q3 FY21 over Q3 FY20. ....

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Stocks in news: Nureca, Wipro, Cadila, Affle, Piramal Enterprises, Just Dial

Stocks in news: Nureca, Wipro, Cadila, Affle, Piramal Enterprises, Just Dial
Stocks to watch today on February 25: Nureca, Wipro, Cadila, Affle, Piramal Enterprises, Just Dial among others are the top stocks to watch out for in Thursday s trading session
BusinessToday.In | February 25, 2021 | Updated 09:33 IST
Stocks to watch today on February 25
Stocks to watch today: Here is a list of top stocks that are likely to be in focus in Thursday s trading session based on latest developments.
Nureca: The company s shares will be listed on exchanges today.
Max Financial Services: IRDAI has given its formal approval for the acquisition of up to 12 percent stake in Max Life Insurance Company by Axis Bank and its subsidiaries. ....

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MEP Infrastructure Developers Ltd receives LOA from NHAI for user fee collection at Sergarh Fee Plaza

MEP Infrastructure Developers Ltd receives LOA from NHAI for user fee collection at Sergarh Fee Plaza
Posted On:
2021-02-24 08:14:40
(Time Zone: Arizona, USA)
MEP Infrastructure Developers Limited ( MEP ) has received the Letter of Award (LOA) dated February 24, 2021 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the collection of user fee through e-tender for Sergarh Fee Plaza at Km. 97.960 (Old Km 182.175) for the section from Km 143.635 to Km 80.994 (Bhadrak to Balasore Section) of NH-5 in the state of Odisha.
The operations will commence after 12 (twelve) days from the date of issuance of LOA and the contractual amount for the said Project is Rs. 62,73,00,000/-(Rupees Sixty Two Crores Seventy Three Lakhs only) payable to NHAI. ....

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