MEP Infrastructure step-down subsidiary Bhalaji Toll Road bags LoA from NHAI

MEP Infrastructure Developers Ltd’s step-down subsidiary viz. Bhalaji Toll Street Non-public Restricted (BTRPL) has signed the Contract Settlement on Might 10, 2022 with Nationwide Highways Authority of India (“NHAI”).

The contract settlement is for the mission of assortment of person price for NALAVADI (Km 161.200) FEE PLAZA for part from Hubballi Hospet Part of NH-63 from Design Chainage Km 128.850 to Km 272.571 (Present Km 129. 549 to Km 267.000) within the state of Karnataka.

As per the submitting, the NHAI has issued a Work Order dated Might 10, 2022 and as per the stated Work Order, the industrial operation has commenced from Might 11, 2022 at 08.00:00 hrs and the interval of the stated Contract is ranging from Might 11, 2022 (08.00:00 hrs) to August 11, 2022 (07.59:59 hrs) i.e. 3 (three) months or until the brand new company is in place whichever is earlier.

At round 3:17 AM, MEP Infrastructure Builders was buying and selling at Rs21.90 apiece down by Rs1.15 or 4.99% on the BSE.