MEP Infra-led Bhalaji Toll Road signs contract agreement with NHAI for Dhilwan Fee Plaza

18 May 2022 , 04:05 PM

MEP Infrastructure Developers Ltd’s stepdown subsidiary viz. Bhalaji Toll Road Private Limited (BTRPL) has signed the Contract Agreement on May 17, 2022 with National Highways Authority of India (“NHAI”) for the project of collection of user fee on the basis of e-quotation through e-tender at DHILWAN FEE PLAZA at km 410.140 Jalandar- Amritsar Section of NH-1 from km 407.100 to km 456.100 in the State of Punjab.

Further, the NHAI has issued a Work Order dated May 17, 2022 and as per the said Work Order, the commercial operation has commenced from today i.e. May 18, 2022 at 08.00:00 hrs and the period of the said Contract is starting from May18, 2022 (08.00:00 hrs) to August 18, 2022 (07.59:59 hrs) i.e. 3 (three) months or till the new agency is in place whichever is earlier, said company.

On Wednesday, MEP Infrastructure Developers ended at Rs22.55 apiece down by 0.88% from its previous closing of Rs22.75 apiece on the BSE.