Thursday, 19 January 2017
MEP Infra`s Arm Enters Into Road Project In Maharashtra
Leading infra company, MEP Infrastructure Developers Ltd has said that MEP Sanjose Nagpur Ring Road 2 Private Limited ("MEP NRR2") a subsidiary company of the company, had entered into a Concession Agreement with The National Highways Authority of India ("NHAI") dated May 19, 2016 for Four Laning Stand Alone Ring Road/ Bypass for the Nagpur City Package II from Km 34+000 to Km 62+035 (Design length 28+035 Km) in the State of Maharashtra on BOT (Hybrid Annuity) basis.
The company is into toll collection, operation and maintenance of road infrastructure assets. The company focuses on pure short-term and long-term toll collection and OMT projects. The company has extended its experience to BOT and OMT projects and construction of bridges. Meanwhile, shares of the company were trading at Rs 41.45 apiece, up 1.59 per cent from the previous close at 09:32 hours on BSE.
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