Media

Print
01
MEP Infrastructure Developers Limited in Joint Venture with LongJian Road & Bridge Company Ltd.
29 March 2018
MEP Infrastructure Developers Limited in Joint Venture with LongJian Road & Bridge Company Limited has received Letter of Award (LOA) dated March 28, 2018 from National Highways Authority of India (NHAI) for the following Project:C..
Construction of 8 (Eight) Laning of existing 4 (Four) Lane VADAPE to THANE from km. 539.202 to km. 563.000 Section of NH-3 (new NH-848) in the State of Maharashtra to be executed on Hybrid Annuity Mode (HAM).
Key highlights of the Project are as under:
  • Construction Period:2.5 years from the Appointed Date.
  • Concession Period:15 years (excluding Construction Period of 2.5 years).
  • The Bid Project Cost is Rs. 1,182.87 Crores (Rupees One Thousand One Hundred Eighty Two Crores and Eighty Seven Lacs) and O&M Bid is Rs. 4.50 Crores (Rupees Four Crores and Fifty Lacs) for the First Year.
  • The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD).
Read More
02
MEP Infrastructure Developers Ltd raised Rs 161.79 crore via issue of equity shares at Rs 77.70
29 March 2018
MEP Infrastructure Developers Ltd raised Rs 161.79 crore via issue of equity shares at Rs 77.70 per share, through a qualified institutional placement (QIP) that closed on Tuesday...
Construction of 8 (Eight) Laning of existing 4 (Four) Lane VADAPE to THANE from km. 539.202 to km. 563.000 Section of NH-3 (new NH-848) in the State of Maharashtra to be executed on Hybrid Annuity Mode (HAM).
EP said the issue price was at a discount of 4.9% to the floor price of Rs 81.49 per share, calculated in accordance with the Securities and Exchange Board of India (Sebi) regulations. The company had targeted raising a base deal amount of Rs 135 crore with an option to increase the size of the deal. This option was exercised by the company as it received bid in excess of Rs.135 crore.
Read More
03
MEP Infrastructure Developers Ltd in JV with LongJian Road & Bridge Company Ltd has emerged
23 March 2018
MEP Infrastructure Developers Ltd in JV with LongJian Road & Bridge Company Ltd has emerged as a preferred Bidder(L1) by National Highways Authority of India for the 3(Three) (HAM) Hybrid Annuity Mode Projects viz.
  • AUSA CHAKUR PROJECT-Four Laning of Ausa- Chakur Sec of NH-361 from km.55.835 to km.114.345(Design length 58.51 km.) under NH (O) with Bid Cost of Rs.848.63 Crs
  • CHAKUR LOHA PROJECT-Four Laning of Chakur–Loha Sec of NH-361 from km.114.600 to km.187.800(Design length 73.345 km) under NH(O) in State of Maharashtra on HAM with Bid Cost of Rs.1001.10 Crs and
  • LOHA WARANGA PROJECT-Four Laning of Loha-Waranga Sec of NH-361 from km.187.800 to km.244.369(Design length 56.569km) under NH(O) in State of Maharashtra on HAM with Bid Cost of Rs.1073.10 Crs.
Read More
04
Mr. Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure Developers Ltd, ha
03 October 2017
Mr. Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure Developers Ltd, handing over of Cheque for upfront payment of Rs.325.08 Crore to MSRDC Ltd. for Operation and Maintenance of Rajiv Gandhi Sea Link Contract for 3 years commencing October, 2017.
Read More
05
MEP Infra featured in September edition of Business Today as one of the Fastest Growing Emerging com
30 August 2017
MEP Infra featured in September edition of Business Today as one of the Fastest Growing Emerging companies.
Read More
06
MEPIDL receives the Letter Of Award for Rajiv Gandhi Sea Link (OMT) Project in the State of Maharashtra
18 July 2017
MEPIDL receives the Letter Of Award for Rajiv Gandhi Sea Link (OMT) Project in the State of Maharashtra for Rs. 325.08 crores.
07
MEPIDL receives the Letter Of Award for Rajiv Gandhi Sea Link (OMT) Project in the State of Maharashtra
14 July 2017
MEPIDL receives the Letter Of Award for Rajiv Gandhi Sea Link (OMT) Project in the State of Maharashtra for Rs. 325.08 crores.
08
MEPIDL receives Appointed Date for Talaja-Mahuva Hybrid Annuity project.
03 May 2017
MEPIDL receives Appointed Date for Talaja-Mahuva Hybrid Annuity project.
09
MEP Foundation associates with Master Dinanath Smruti Pratisthan Awards
24 April 2017
MEP Foundation associates with Master Dinanath Smruti Pratisthan Awards to felicitate achievers from the different fields like Music, Literature, Social Service etc. at Shanmukhanand Auditorium in Mumbai.
Read More
10
Shrimad Ramchandra Mission in association with MEP presented the premier show of Yugpurush in Marathi
10 April 2017
Shrimad Ramchandra Mission in association with MEP presented the premier show of Yugpurush in Marathi.
Read More
11
MEPIDL signs a Memorandum of Understanding with Government of Malaysia's Construction Industry Devel
06 April 2017
MEPIDL signs a Memorandum of Understanding with Government of Malaysia's Construction Industry Development Board (CIDB)
Read More
12
MEPIDL achieves financial closure for its sixth hybrid annuity project.
04 April 2017
MEPIDL achieves financial closure for its sixth hybrid annuity project.
13
MEP Infrastructure Developers Limited in association with CNBC TV18 and MINT hosted the InfraMinistrial Summit 2017
19 March 2017
MEP Infrastructure Developers Limited in association with CNBC TV18 and MINT hosted the InfraMinistrial Summit 2017 on March 17th, New Delhi.
The evening saw leaders from corporate India brainstorm with key Ministers and Govt Officials to chart out an action agenda. INFRA SUMMIT, played host to top ministers along with their teams to discuss the way forward in the respective sectors. The event was moderated by Shereen Bhan, Managing Editor, CNBC TV18 Some of the Key Ministers to participate at the event include, Mr Suresh Prabhu, Minister of Railways, Mr Jayant Sinha, Minister of State and Civil Aviation, Chaudhary Birender Singh, Union Minsiter Steel and Mr Mansukh Mandaviya is Union Minister for Road Transport & Highways, Shipping, Chemical & Fertilizers, to name a few.
Read More
14
MEPIDL achieves financial closure for its fifth hybrid annuity project.
10 March 2017
MEPIDL achieves financial closure for its fifth hybrid annuity project.
15
MEP IDL receives the letter of appointed date – January 20, 2017 from NHAI
19 January 2017
MEP IDL receives the letter of appointed date – January 20, 2017 from NHAI for 4 laning of the Outer Ring Road from Village Fetri to Village Dhargaon for Nagpur City (Package II) Total Length 28.05 Kms. The road project is worth Rs.639 crores.
16
MEP IDL receives the letter of appointed date – January 05, 2017 from NHAI
11 January 2017
MEP IDL receives the letter of appointed date – January 05, 2017 from NHAI for 4 laning of the Outer Ring Road from Village Jamtha to Village Fetri for Nagpur City (Package I) Total Length 33.50 Kms. The road project is worth Rs 531 crores.
17
MEP Infra featured in September edition of Business Today as one of the Fastest Growing Emerging com
02 December 2016
MEP IDL encourages the “Startup” concept in the State through Loksatta’as Badalta Maharashtra.
Read More
18
Mr. Jayant Mhaiskar attends the ASSOCHAM’s 6th National Summit on Infrastructure Finance and shares
16 November 2016
Mr. Jayant Mhaiskar attends the ASSOCHAM’s 6th National Summit on Infrastructure Finance and shares his views on “Revitalising Infrastructure Development – Opportunities of Investment” at the panel discussion.
19
Mep infrastructure developers limited is proud to announce the foundation stone laying ceremony of the project
18 October 2016
Mep infrastructure developers limited is proud to announce the foundation stone laying ceremony of the project
Read More
20
Mep infrastructure developers limited is proud to announce the foundation stone laying ceremony of the project
30 September 2016
Mr Jayant Mhaiskar receiving the coveted certification of recognition from Economic Times for MEP’s immense contribution to Infrastructure sector from Mr Mansukh Mandaviya, Minister of State (MoS) in Ministry of Road Transport, Highways and Shipping.
21
Mr Jayant Mhaiskar participates in the Lokmat Infra conclave with Mr Nitin Gadkari, Minister for Road Transport and Highways and Shipping.
15 September 2016
Mr Jayant Mhaiskar participates in the Lokmat Infra conclave with Mr Nitin Gadkari, Minister for Road Transport and Highways and Shipping.
22
Taking a U - Turn | Business India
05 September 2016
MEP Infrastructure Developers Taking a U-Turn
23
MEP Infra - Company has received the Letter of Acceptance (LOA) | Moneycontrol
30 August 2016
MEP Infrastructure Developers Ltd ("MEP") has informed BSE that the Company has received the Letter of Acceptance (LOA) dated August 26, 2016 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the Contractor for the Project of "Sau Kala at Km. 200.100 (Aurangabad - Barachatti) from Km. 180.000 to Km. 240.000 of National Highway no.-2, in the State of Jharkhand".
24
MEP Infra gains after winning toll collection rights in Jharkhand | Capital Market
30 August 2016
MEP Infrastructure Developers rose 1.38% to Rs 44.15 at 10:21 IST on BSE after the company said it received the letter of acceptance from National Highways Authority of India for toll collection rights at Sau-Kala toll plaza in Jharkhand.
The announcement was made on Saturday, 27 August 2016.
Meanwhile, the BSE Sensex was down 30.27 points, or 0.11%, to 27,751.98.
On BSE, so far 6,679 shares were traded in the counter, compared with average daily volume of 1.30 lakh shares in the past one quarter. The stock hit a high of Rs 44.80 and a low of Rs 43.65 so far during the day. The stock hit a 52-week high of Rs 59.70 on 21 October 2015. The stock hit a record low of Rs 34.20 on 12 February 2016. The stock had underperformed the market over the past 30 days till 26 August 2016, falling 2.13% compared with 1.51% slide in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 6.22% as against Sensex's 4.23% rise.
The small-cap company has equity capital of Rs 162.57 crore. Face value per share is Rs 10.
Read More
25
MEP Infra gets NHAI toll collection contract in Jharkhand | Business Standard
30 August 2016
MEP Infrastructure Developers Ltd (MEPIDL) has won its third short term toll collection project in Jharkhand for a period of one year, the company announced on Monday.
"The company has bagged the project with an annual remittance of Rs 87.30 crore, payable on a weekly basis over the project tenure," MEPIDL said in a statement.
The company has received the letter of acceptance for toll collection at Sau Kala toll plaza on the Aurangabad-Barachatti section of NH-2 in Jharkhand.
The project includes user fee collection rights at Sau Kala toll plaza and the operations will commence from September 14, after complying with the statutory formalities.
Read More
26
MEP Infra Gets NHAI Toll Collection Contract In Jharkhand | NDTV Profit
30 August 2016
MEP Infrastructure Developers has won its third toll collection project in Jharkhand.
"MEP Infrastructure Developers Ltd (MEPIDL) has bagged a third short term toll collection project in Jharkhand for a period of one year, with an annual remittance of Rs 87.30 crore, payable on a weekly basis over the project tenure," the company said in a statement on Monday.
The company has received the Letter of Acceptance for toll collection at Sau Kala toll plaza on the Aurangabad-Barachatti section of NH-2 in Jharkhand.ADVERTISEMENT
The project includes user fee collection rights at Sau Kala toll plaza and the operations will commence from September 14, after complying with the statutory formalities.
Read More
27
MEP Infrastructure Developers Ltd arm hands over toll operations to NHAI | Equity Bulls
30 August 2016
One of MEP Infrastructure Developers Ltd's Subsidiary viz. Raima Toll Road Private Limited ("SPV and/or Concessionaire") had entered into the concession agreement with National Highways Authority of India ("NHAI") on April 10, 2013
One of MEP Infrastructure Developers Ltd's Subsidiary viz. Raima Toll Road Private Limited ("SPV and/or Concessionaire") had entered into the concession agreement with National Highways Authority of India ("NHAI") on April 10, 2013 for Operation and Maintenance of Madurai-Tirunelveli-Panagudi-Kannyakumari section from km.0.00 to km.243.170 (total length 243.170) in the state of Tamil Nadu [Package No.6 (NS)]. The Commercial Operation Date (COD) for the Project was achieved on September 22, 2013.
During the operations period, the Concessionaire was unable to implement the toll notification towards collection of toll dues from certain State operated transport agencies, resulting in significant ongoing loss of revenue for the Concessionaire. Further, also due to non-fulfilment of certain obligations by both the Parties, there have been claims made, which are in the process of being amicably settled.
Read More
28
NHAI appoints MEP Infrastructure as Fee Collection Agency for Sau-Kala Toll Plaza | Mint
30 August 2016
MEP Infrastructure has received the Letter of Acceptance (LOA) dated August 26, 2016 from National Highways Authority of India (NHAI) informing that MEP has been engaged as the contractor for the project of Sau-Kala at Km 200.100 (Aurangabad - Barachatti) from Km 180.000 to Km 240.000 of National Highway no-2, in the state of Jharkhand.
The contract is for user fee collection rights at Sau-Kala Toll Plaza. The period of contract is one year and the contractual amount for the said project is Rs 87.30 crore payable to NHAI on a weekly basis over a period of one year. The operations will commence from September 14, 2016 after complying the statutory formalities viz. submission of performance security, signing of contract as per the LOA. The Commercial Operation Date (COD) will be achieved in the current quarter.
Read More
29
MEP Infra stock moves up on bagging a new project | The Hindu Business Line
24 August 2016
30
MEP Infra stock moves up on bagging NHAI project | The Hindu Business Line
23 August 2016
The stock of MEP Infrastructure Developers rose around 4 per cent on the announcement that the National Highways Authority of India (NHAI) has appointed MEP as the contractor for collecting toll charges for Ghangari Toll Plaza (stretch of 78.75 km in National Highway -2) in the State of Jharkhand.
Tolling projects involve collecting toll during the concession period and paying the estimated toll to the authority. This one-year short-term contract entails paying a total sum of Rs 79.20 crore to NHAI. The payment is distributed on a weekly basis over the year.
The company currently operates 26 projects. It is a leader in short-term tolling (10 projects of less than one-year duration), long-term tolling projects (five projects of greater than one-year duration) and operation, maintenance & transfer (OMT) projects (four projects). Other than this, the company operates six projects in the hybrid annuity model and a one build, operate & transfer project.
The Ghangari toll project may not have a significant impact on the financials considering a lower profit margin from short-term projects. Besides, the company's strategic interest lies in winning more long-term contracts.
Read More
31
MEP Infra up 6% on rights for user fee collection from NHAI | Money control
23 August 2016
Shares of MEP Infrastructure Developers rose 6.4 percent intraday Tuesday as it has received user fee collection rights at Ghangari toll plaza.
The company has received the letter of acceptance (LoA) from National Highways Authority of India (NHAI) to collect the user fee through fee collection agency for Ghangari in the state of Jharkhand.
The contractual amount for the said project is Rs 79,20,00,000 payable to NHAI on a weekly basis over a period of 1 year.
The operations will commence within 2 days after complying the statutory formalities.
Read More
32
MEP Infra wins contract worth Rs.79.2 cr from NHAI | IIFL
23 August 2016
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
Read More
33
MEP Infrastructure Developers gains after | Business Standard
23 August 2016
MEP Infrastructure Developers rose 2.95% to Rs 43.60 at 10:33 IST on BSE after the company received the Letter of Acceptance from National Highways Authority of India to collect the user fee for Ghangari toll plaza in Jharkhand.
The announcement was made after market hours yesterday, 22 August 2016. Meanwhile, the S&P BSE Sensex was down 21.45 points, or 0.08%, to 27,964.09
On BSE, so far 79,000 shares were traded in the counter, compared with average daily volume of 1.34 lakh shares in the past one quarter. The stock hit a high of Rs 45.05 and a low of Rs 43.50 so far during the day. The stock hit a 52-week high of Rs 59.70 on 21 October 2015. The stock hit a 52-week low of Rs 34.20 on 12 February 2016. The stock had underperformed the market over the past 30 days till 22 August 2016, falling 4.62% compared with 0.66% rise in the Sensex. The scrip also underperformed the market in past one quarter, gaining 1.8% as against Sensex's 10.59% rise.
Read More
34
MEP Infrastructure Developers Ltd receives LOA from NHAI | Equity Bulls
23 August 2016
MEP Infrastructure Developers Ltd 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".
The contractual amount for the said project is Rs. 79,20,00,000 payable to NHAI on a weekly basis over a period of 1 year.
Read More
35
MEP Infrastructure receives LoA from NHAI | Money control
29 June 2016
MEP Infrastructure Developers Ltd has informed BSE that the Company in Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd. has received Letter of Award ('LOA') dated March 31, 2016 from NHAI.MEP Infrastructure Developers Ltd has informed BSE that the Company in Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd. has received Letter of Award ('LOA') dated March 31, 2016 from NHAI (?National Highways Authority of India) for the following Project:
Four Lane Stand Alone Ring Road/Bypasses for Nagpur City, Package-II from km 34+500 to km 62+035. (Total Length - 28+035 km) in the State of Maharashtra on BOT (Hybrid Annuity) basis.Key highlights of the Project are as under:i) Construction Period : 30 Months from the Appointed Date.ii) Concession Period: 15 years (excluding Construction Period of 30 Months).iii) The Bid Project Cost is Rs. 639.00 Crores (Rupees Six Hundred Thirty Nine Crores) and O&M Bid is 6.75 Crores (Rupees Six Crores and Seventy Five Lacs) for the First Year.iv) The Company will receive Bi-Annual Annuity from NHAI post Commercial Operation Date (COD).Source : BSE
Read More
36
MEP Infra wins contracts worth Rs 1762 cr | Business Standard - Hindi
24 June 2016
37
MEP Infrastructure Developers Ltd JV receives LOA from NHAI | Equity Bulls
30 May 2016
MEP Infrastructure Developers Limited - Sanjose India Infrastructure & Construction Pvt. Ltd. - JV has received Letter of Award ('LOA') dated May 26, 2016 from NHAI (National Highways Authority of India) for the project Four Laning of TALAJA- MAHUVA Section of NH - 8E from KM. 53.585 TO KM. 100.100 (design chainage from KM. 54.990 TO KM.100.450) (PACKAGE - II) in the state of Gujarat on Hybrid Annuity mode under NHDP Phase IV.
The construction period is 2.5 years from the appointed date and the concession period is for 15 years (excluding construction period of 2.5 years).
The bid project cost is Rs. 643.05 crores and O&M bid is Rs. 9 crores for the first year. The company will receive bi-annual annuity from NHAI post commercial operation date (COD)
Read More
38
MEP Infra wins proj from NHAI in Gujarat at Rs 643 cr bid cost | Business Standard
28 May 2016
MEP Infrastructure today said it has won a highways project from NHAI in Gujarat in a joint venture (JV) with its Spanish partner at a bid cost of Rs 643 crore.
MEP Infrastructure Developers Ltd in a JV with its Spanish partner has received Letter of Award from National Highways Authority of India (NHAI) for a project under the Hybrid Annuity namely four laning of Talaja-Mahuva section in Gujarat with bid project cost Rs 643.05 crore, the company said in a statement.
"We have been able to maintain our winning run after being declared as successful bidder (L1) for the consecutive 5th project in last 8 weeks' time for the Hybrid Annuity project.
We are happy to enter Gujarat for Hybrid Annuity Project and we are confident of completing the projects in a stipulated time frame and with the desired quality to play a significant role in the country's infrastructure development," said Jayant D Mhaiskar, Vice-Chairman and Managing Director, MEP Infrastructure Developers Ltd.
The project is under new Hybrid Annuity Mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system.
The Authority and the private companies share the total project cost in the ratio of 40:60, respectively.
MEP Infrastructure Developers Ltd has formed a joint venture with Sanjose India Infrastructure & Construction Pvt Ltd with two holding a share of 60 per cent and 40 per cent.
Read More
39
MEP Infra wins proj from NHAI in Gujarat at Rs 643 cr bid cost | India Today
28 May 2016
MEP Infrastructure today said it has won a highways project from NHAI in Gujarat in a joint venture (JV) with its Spanish partner at a bid cost of Rs 643 crore.
MEP Infrastructure Developers Ltd in a JV with its Spanish partner has received Letter of Award from National Highways Authority of India (NHAI) for a project under the Hybrid Annuity namely four laning of Talaja?Mahuva section in Gujarat with bid project cost Rs 643.05 crore, the company said in a statement.
"We have been able to maintain our winning run after being declared as successful bidder (L1) for the consecutive 5th project in last 8 weeks time for the Hybrid Annuity project.
Ads by ZINCWe are happy to enter Gujarat for Hybrid Annuity Project and we are confident of completing the projects in a stipulated time frame and with the desired quality to play a significant role in the countrys infrastructure development," said Jayant D Mhaiskar, Vice-Chairman and Managing Director, MEP Infrastructure Developers Ltd.
The project is under new Hybrid Annuity Mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system.
The Authority and the private companies share the total project cost in the ratio of 40:60, respectively.
MEP Infrastructure Developers Ltd has formed a joint venture with Sanjose India Infrastructure & Construction Pvt Ltd with two holding a share of 60 per cent and 40 per cent.
Read More
40
MEP Infra wins proj from NHAI in Gujarat at Rs 643 cr bid cost | Moneycontrol
28 May 2016
MEP Infrastructure said it has won a highways project from NHAI in Gujarat in a joint venture (JV) with its Spanish partner at a bid cost of Rs 643 crore.
MEP Infrastructure Developers Ltd in a JV with its Spanish partner has received Letter of Award from National Highways Authority of India (NHAI) for a project under the Hybrid Annuity namely four laning of Talaja-Mahuva section in Gujarat with bid project cost Rs 643.05 crore, the company said in a statement.
"We have been able to maintain our winning run after being declared as successful bidder (L1) for the consecutive 5th project in last 8 weeks' time for the Hybrid Annuity project.
We are happy to enter Gujarat for Hybrid Annuity Project and we are confident of completing the projects in a stipulated time frame and with the desired quality to play a significant role in the country's infrastructure development," said Jayant D Mhaiskar, Vice-Chairman and Managing Director, MEP Infrastructure Developers Ltd.
The project is under new Hybrid Annuity Mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system.
The Authority and the private companies share the total project cost in the ratio of 40:60, respectively.
MEP Infrastructure Developers has formed a joint venture with Sanjose India Infrastructure & Construction Pvt Ltd with two holding a share of 60 per cent and 40 per cent.
Read More
41
MEP Infra wins proj from NHAI in Gujarat at Rs 643 cr bid cost | The Times of India
28 May 2016
MEP Infrastructure today said it has won a highways project from NHAI in Gujarat in a joint venture (JV) with its Spanish partner at a bid cost of Rs 643 crore.
MEP Infrastructure Developers Ltd in a JV with its Spanish partner has received Letter of Award from National Highways Authority of India (NHAI) for a project under the Hybrid Annuity namely four laning of Talaja-Mahuva section in Gujarat with bid project cost Rs 643.05 crore, the company said in a statement.
"We have been able to maintain our winning run after being declared as successful bidder (L1) for the consecutive 5th project in last 8 weeks' time for the Hybrid Annuity project.
We are happy to enter Gujarat for Hybrid Annuity Project and we are confident of completing the projects in a stipulated time frame and with the desired quality to play a significant role in the country's infrastructure development," said Jayant D Mhaiskar, Vice-Chairman and Managing Director, MEP Infrastructure Developers Ltd.
The project is under new Hybrid Annuity Mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system.
The Authority and the private companies share the total project cost in the ratio of 40:60, respectively.
MEP Infrastructure Developers Ltd has formed a joint venture with Sanjose India Infrastructure & Construction Pvt Ltd with two holding a share of 60 per cent and 40 per cent. NAM ABI
Read More
42
MEP Infra Q4 net profit at Rs.10 crore | IIFL
25 May 2016
The total income was at Rs.523 crore as against Rs. 521.6 crore (YoY).
MEP Infra Q4 net profit stood at Rs. 10 crore
The total income was at Rs.523 crore as against Rs. 521.6 crore (YoY).
MEP Infrastructure Developers Ltd is currently trading at Rs. 41.7, down by Rs. 0.55 or 1.3% from its previous closing of Rs. 42.25 on the BSE.
The scrip opened at Rs. 43 and has touched a high and low of Rs. 43 and Rs. 41 respectively. So far 1222639(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 686.85 crore.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 67 on 17-Jul-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. 42.9 and Rs. 39.85 respectively.
The promoters holding in the company stood at 69.36 % while Institutions and Non-Institutions held 14.88 % and 15.76 % respectively.
The stock is currently trading above its 200 DMA.
Read More
43
MEP Infrastructure Developers Ltd | Finalaya
25 May 2016
MEP Infrastructure Developers Ltd MEP Infrastructure Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2016, inter alia, has approved the following:
- Recommended Final Dividend @ Re. 0.10 per equity share of Rs.10/- each, for the year 2015-16, subject to the declaration of the same by the Members at the 14th Annual General Meeting scheduled to be held on July 28, 2016. The dividend, if declared by the members at the Annual General Meeting, will be paid on or before August 27, 2016.
Time of Commencement of the Board Meeting : 12.30 p.m.
Time of Conclusion of the Board Meeting : 2.45 p.m.
Read More
44
MEP Infra bags contract for toll collection | The Times of India
4 May 2016
Infrastructure company MEP Infrastructure Developers Limited said that it has yet again won a one-year contract from the National Highway Authority of India to collect toll on a section of National Highway-8 connecting Udaipur and Kherwada in Rajasthan.
"The Company has received the Letter of Acceptance (LOA) dated May 03, 2016 from NHAI informing that MEP has been engaged as the contractor for collection of user fee on the basis of competitive bidding for Paduna Toll Plaza at Km. 311.100 for the section Km. 278.000 to Km. 348.000 [Udaipur- Kherwada] of NH No. 8 in the State of Rajasthan," the company said in a BSE filing.
The company said that it has committed to an annual remittance of Rs 128.07 crore to NHAI during the duration of the project, payable on a weekly basis.
"MEP has been successful in retaining Paduna Toll Plaza for the 3rd time in a row from NHAI and this is the maiden one year toll award in this fiscal. MEP has recently also bagged 4 projects under BOT Hybrid Annuity Model from NHAI and MORTH with an order book of Rs.2,589.26 Crores for Hybrid Annuity," said Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure Developers Ltd.
The company, however, did not mention either the size of the contract or how much will the company retain at the end of the contract period. In many states, toll collections have become a bit of emotive issue with many parties also making it a poll plank in successive elections. Activists have called for transparency in making public, data with respect to toll collection.
Read More
45
MEP Infra bags Paduna toll collection contract | India Today
4 May 2016
*MEP Infrastructure developers has bagged short-term toll collection at the Paduna toll plaza in Rajasthan for one year.
The company received the Letter of Acceptance for toll collection at the Paduna toll plaza on the Udaipur-Kherwada section, a statement issued here stated.
MEP has committed to an annual remittance of Rs 128.07 crore to NHAI for the project over the tenure, payable on a weekly basis. ******* Mahavitaran collected Rs 3,482.58 crore through online payment *Maharashtra discom Mahavitaran has collected Rs 3,482.58 crore through online bill payment during 2015-16.
After the commencement of the online bill payment facility on Mahavitarans website, many consumers have availed this facility and the discom collected Rs 3,482.58 crore in the latest fiscal, a statement issued here stated.
In 2014-15, it collected Rs 1920.88 crore through its online bill payment facility.
Last year, it also launched mobile app bill payment facility, which is downloaded by over two lakh users and the discom collected around Rs 19 crore in 2015-16. ********* Zuver raises Rs 1.2 cr from Shruth & Smith Group, Hermes Group
*Mumbai-based startup Zuver today said it has raised Rs 1.2 crore (USD 180,000) in early stage funding from Shruth & Smith Group and Hermes Group.
Co-founded by Sidhanth Mally and Sovin Hegde, Zuver app allows customers to get drivers in advance or real time for an hour or for a whole day through an app.
With 60 drivers on board, Zuver is currently seeking Pre-Series A funding to expand to Pune and Bangalore. They are also planning to increase the number of drivers to 150 in Mumbai by May. More PTI DS PSK NRB SR ANU
Read More
46
MEP Infra receives LoA from NHAI | IIFL
4 May 2016
MEP Infrastructure Developers Ltd has received the Letter of Acceptance (LOA) 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 for Paduna Toll Plaza at Km. 311.100 for the section Km. 278.000 to Km. 348.000 [Udaipur- Kherwada] of NH No. 8 in the State of Rajasthan".Speaking on the occasion, Jayant D. Mhaiskar, Vice Chairman & Managing Director, MEP Infrastructure Developers Ltd. said that "MEP has been successful in retaining Paduna Toll Plaza for the 3rd time in a row from NHAI and this is the maiden one year toll award in this fiscal. MEP has recently also bagged 4 projects under BOT Hybrid Annuity Model from NHAI and MORTH with an order book of Rs.2,589.26 Crores for Hybrid Annuity. We are happy to have a promising start of this financial year 2016-17" Mr. Mhaiskar added.MEP Infrastructure Developers Ltd ended at Rs. 41.25, down by Rs. 0.6 or 1.43% from its previous closing of Rs. 41.85 on the BSE.
The scrip opened at Rs. 42 and touched a high and low of Rs. 42.5 and Rs. 41 respectively. A total of 84434(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 680.35 crore.
The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 67 on 17-Jul-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. 46.4 and Rs. 41.6 respectively.
The promoters holding in the company stood at 69.36 % while Institutions and Non-Institutions held 14.88 % and 15.76 % respectively.
The stock traded above its 200 DMA.
Read More
47
MEP Infra up 6%; gets LoA from NHAI for Paduna toll plaza | Moneycontrol
4 May 2016
Shares of MEP Infrastructure Developers rose 6 percent intraday Wednesday as it has received Letter of Acceptance (LoA) from National Highways Authority of India (NHAI).
"The Company has received the LOA from NHAI informing that the company has been engaged as the contractor for the project of collection of user fee through fee collection agency on the basis of competitive bidding for Paduna toll plaza at NH 8 in the State of Rajasthan," as per BSE release.
The period of the contact is one year and the operations will commence after complying the statutory formalities.
The contractual amount for the said project is Rs 128.07 crore payable to NHAI on a weekly basis over a period of 1 year.
At 09:26 hrs MEP Infrastructure Developers was quoting at Rs 42.25, up Rs 1.00, or 2.42 percent on the BSE.
Posted by Rakesh Patil
MEP Infra up 6%; gets LoA from NHAI for Paduna toll plaza
Read More
47
MEP Infra gains after its joint venture wins road project from road ministry | Business Standard
29 April 2016
MEP Infrastructure Developers rose 2.96% to Rs 45.25 at 13:20 IST on BSE after the company's joint venture received letter of acceptance from Ministry of Road Transport & Highways for a road project.
The announcement was made during market hours today, 28 April 2016. Meanwhile, the BSE Sensex was down 268.61 points, or 1.03%, to 25,795.51.
On BSE, so far 1.13 lakh shares were traded in the counter, compared with an average volume of 83,863 shares in the past one quarter. The stock hit a high of Rs 46.40 and a low of Rs 44.85 so far during the day. The stock hit a record high of Rs 67 on 17 July 2015. The stock hit a record low of Rs 34.20 on 12 February 2016. The stock had outperformed the market over the past one month till 27 April 2016, rising 13.27% compared with Sensex's 2.87% gains. The scrip had, however, underperformed the market in past one quarter, rising 1.5% as against Sensex's 6.42% gains.
The small-cap company has an equity capital of Rs 162.57 crore. Face value per share is Rs 10.
MEP Infrastructure Developers said that MEP Infrastructure Developers-Sanjose India Infrastructure & Construction-joint venture (JV) has received letter of acceptance (LOA) dated 27 April 2016 from MORTH (Ministry of Road Transport & Highways) for a road project. The project is a rehabilitation and upgradation of NH 66, Kante-Waked section to four lanes in Maharashtra under National Highways Development Project (NHDP)-IV on hybrid annuity mode.
The construction period of the project is 2 years from the appointed date. The concession period is 15 years excluding construction period of 2 years. The bid project cost is Rs 826.28 crore and operation and maintenance bid is Rs 11.60 crore for the first year. The joint venture will receive bi-annual annuity from MORTH post commercial operation date. MEP Infrastructure Developers said that MEP Infrastructure Developers-Sanjose India Infrastructure & Construction-joint venture hybrid annuity order book stands at Rs 2589.26 crore to be executed over the next 3 years from the appointed date.
On a consolidated basis, MEP Infrastructure Developers reported net profit Rs 5.28 crore in Q3 December 2015 as against net loss of Rs 35 in Q3 December 2014. Net sales declined 6% to Rs 497.28 crore in Q3 December 2015 over Q3 December 2014.
MEP Infrastructure Developers is among the leading players in tolling operations in the road infrastructure sector. The company's focus is on pure toll collection projects as well as OMT (Operation, Maintenance and Toll) collection projects, which involve maintenance obligations in addition to toll collection on operational roads including highways constructed by third parties.
Read More
48
MEP Infrastructure Developers receives LoA from MORTH | Mint
29 April 2016
MEP Infrastructure Developers (MEP) in joint venture (JV) with Sanjose India Infrastructure & Construction has received Letter of Acceptance (LoA) from MORTH (Ministry of Road Transport & Highways) for Rehabilitation and upgradation of NH 66 (Old NH 17) from km. 281/300 to km 332/200 (Kante - Waked section) to four lane in the state of Maharashtra under NHDP - IV on hybrid annuity mode.
The construction period for the said project is 2 years from the appointment date and concession period is 15 years (excluding construction period of 2 years). The bid project cost is Rs 826.28 crore and O&M bid is Rs 11.60 crore. The company will receive bi-annual annuity from MORTH post commercial operation date (COD).
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.
Read More
48
MEP Infra bags Rs 826.28-cr road project in Maharashtra | Business Standard
13 April 2016
MEP Infrastructure Developers has bagged a Rs 826-crore order for four-laning of Kante-Waked section on National Highway 66 in Maharashtra.
"MEP along with its joint venture partner Sanjose India Infrastructure and Construction has been declared as a successful bidder by the Road Transport and Highways Ministry for a project under the hybrid annuity model for four-laning of Kante-Waked section of NH-66 in Maharashtra worth Rs 826.28 crore," a company statement said.
The project is under new hybrid annuity mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system. Under the model, the authority and the private companies share the total project cost in the ratio of 40:60, respectively.
"We are confident of completing the projects in a stipulated time frame and with the desired quality to play a significant role in the country's infrastructure development," Vice-Chairman and Managing Director Jayant Mhaiskar said.
He said the model of BOT hybrid annuity will definitely aid in reviving the highway sector in the country.
"Our order book for the hybrid annuity project now stands at Rs 2,589.26 crore and we expect to achieve the financial closure by August-end," Mhaiskar added.
Read More
49
MEP Infra bags Rs 826.28-cr road project in Maharashtra | Business Standard
13 April 2016
MEP Infrastructure Developers has bagged a Rs 826-crore order for four-laning of Kante-Waked section on National Highway 66 in Maharashtra.
"MEP along with its joint venture partner Sanjose India Infrastructure and Construction has been declared as a successful bidder by the Road Transport and Highways Ministry for a project under the hybrid annuity model for four-laning of Kante-Waked section of NH-66 in Maharashtra worth Rs 826.28 crore," a company statement said.
The project is under new hybrid annuity mode, which is a mix of engineering, procurement and construction (EPC) and build operate transfer (BOT) system. Under the model, the authority and the private companies share the total project cost in the ratio of 40:60, respectively.
"We are confident of completing the projects in a stipulated time frame and with the desired quality to play a significant role in the country's infrastructure development," Vice-Chairman and Managing Director Jayant Mhaiskar said.
He said the model of BOT hybrid annuity will definitely aid in reviving the highway sector in the country.
"Our order book for the hybrid annuity project now stands at Rs 2,589.26 crore and we expect to achieve the financial closure by August-end," Mhaiskar added.
Read More