MEP Infrastructure Developers inches up on getting LOA worth Rs 2.31 crore
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MEP Infrastructure Developers is currently trading at Rs. 13.75, up by 0.01 points or 0.07% from its previous closing of Rs. 13.74 on the BSE.
The scrip opened at Rs. 13.61 and has touched a high and low of Rs. 14.27 and Rs. 13.61 respectively. So far 32784 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 21.30 on 15-Dec-2022 and a 52 week low of Rs. 10.60 on 30-Sep-2022.
Last one week high and low of the scrip stood at Rs. 14.78 and Rs. 13.50 respectively. The current market cap of the company is Rs. 252.24 crore.
The promoters holding in the company stood at 42.36%, while Institutions and Non-Institutions held 9.15% and 48.50% respectively.
MEP Infrastructure Developers has received a Letter of Acceptance (LOA) dated June 19, 2023 from Road Infrastructure Development Company of Rajasthan (RIDCOR). The company has been awarded contract for Providing Manpower to Collect User Fee at toll plaza(s) (2 Nos.) alongwith Incident Management on Alwar-Sikandra (AS) project roads (Lot-3) developed by RIDCOR in Rajasthan. The period of contract is 12 months viz. from July 01, 2023 to June 30, 2024. The contractual value for the said Project is Rs 2.31 crore.
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.
