/ MEP Infra Bags Order Worth Rs 325 Crore From MSRC ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 29 June 2017


MEP Infra on Thursday announced that it has received an order worth Rs 325.08 crore from the Maharashtra State Road Development Corporation Limited (MSRC).

The order includes operation maintenance of Rajiv Gandhi Sea Link and collection of Toll Plaza (Bandra -Worli Sea Link) on a whole basis.

The period of the contract is for 156 weeks (3 years) from the date of the Letter of Acceptance (LoA) i.e. June 28, 2017.

The stock on the NSE was up to at Rs 117.50 per share higher by Rs 4.10 per share higher by 3.70% at 1015 hours. The stock has delivered 195% returns in a period of one year and has outperformed the BSE Small cap and Nifty Infrastructure indices over the same time span.

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