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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. ....
MEP Infrastructure Developer has received the Letter of Award (LOA) dated 04 February 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-quotation (e-tender) for Badarpur Elevated Plaza at Km. 18.700 and Km. 20.200 on Section from Km. 16.100 to Km. 20.500 of NH-2 in the State of Delhi & Haryana. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we ....
The agreement shall remain valid till either party terminates it by giving advance written notice of three months to the other party for reasons to be furnished.Uttar Pradesh Financial Corporation (UPFC) has engaged MSTC as selling agents for selling assets owned by UPFC as well as the stressed assets of its finance assisted units, which have now become defaulting industrial concerns. MSTC will sell the assets through e-tender-cum-e-auction on MSTC s website. The agreement shall remain valid till either party terminates it by giving advance written notice of three months to the other party for reasons to be furnished. Recently, the media reported that the Union Cabinet will soon take a call on shutting down Scooter India. Subsequently, MSTC, will be tasked with the responsibility to sell the assets of Scooters India as well. ....
Container Corporation of India (CONCOR) jumped 4.02% to Rs 432 after the company said it is exploring the possibility of merging its subsidiaries with itself. In a regulatory filing issued after market hours yesterday, the company said that it is exploring the possibility of merging CONCOR AIR (CAL), SIDCUL CONCOR Infra Company (SCICL) and Punjab Logistics Infrastructure (PUL) with itself. An e-tender is being floated for engagement of external management consultant for facilitating proposed merger with CONCOR of its subsidiary companies. CONCOR is engaged in transportation of containers (rail and road), and handling of containers. The firm is also engaged in the operation of logistics facilities, including dry ports, container freight stations and private freight terminals. ....