MEP Infra wins contract worth Rs.79.2 cr from NHAI

India Infoline News Service | Mumbai | August 22, 2016 17:25 IST

MEP Infrastructure Developers Ltd ended at Rs. 42.35, up by Rs. 0.55 or 1.32% from its previous closing of Rs. 41.8 on the BSE.

MEP Infrastructure Developers Ltd has informed BSE that the Company has received the Letter of Acceptance (LOA) dated August 22, 2016 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the Project of "Collection of user fee through Fee Collection Agency on the basis of competitive bidding through (e-tender) for Ghangari at Km 346.100 (Gorhar to Barwa Adda) from Km 320.00 - Km 398.750 of National Highway No. 2 in the State of Jharkhand".

MEP Infrastructure Developers Ltd ended at Rs. 42.35, up by Rs. 0.55 or 1.32% from its previous closing of Rs. 41.8 on the BSE.

The scrip opened at Rs. 42.2 and touched a high and low of Rs. 43.2 and Rs. 42 respectively. A total of 49627(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 679.54 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 59.7 on 21-Oct-2015 and a 52 week low of Rs. 34.2 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 42.55 and Rs. 40.25 respectively.

The promoters holding in the company stood at 69.48 % while Institutions and Non-Institutions held 14.67 % and 15.84 % respectively.

The stock traded above its 200 DMA.
 

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