MEP Infra gains with arm achieving milestone one for Mahuva to Kagavadar project

14 Dec 2017 Evaluate

MEP Infrastructure Developers (MEP Infra) is currently trading at Rs. 92.30, up by 1.25 points or 1.37% from its previous closing of Rs. 91.05 on the BSE.

The scrip opened at Rs. 92.80 and has touched a high and low of Rs. 94.50 and Rs. 91.45 respectively. So far 62,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 148.00 on 10-Jul-2017 and a 52 week low of Rs. 34.55 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 96.20 and Rs. 90.50 respectively. The current market cap of the company is Rs. 1,500.51 crore.

The promoters holding in the company stood at 69.87%, while Institutions and Non-Institutions held 11.35% and 18.78% respectively.

MEP Infrastructure Developers’ subsidiary - MEP SANJOSE Mahuva Kagavadar Road has achieved the milestone one for the project of four laning of Mahuva to Kagavadar of NH-8E from km. 100.100 to km 139.915 (design chainage from km 100.450 to km 140.470) (Package-III) in the State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV, as per the Concession Agreement.

The authority has paid the first Milestone payment of 20% of the physical progress for the project on December 12, 2017, which is 79 days ahead of the Scheduled Date for the milestone i.e. February 28, 2018.

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.


MEP Infrastructure Share Price

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