MEP Infrastructure Developers (MEP), a leading player in tolling operations in the road infrastructure sector, has been awarded by the Road Infrastructure Development Company of Rajasthan (RIDCOR) the rights for collection of user fee through contractor on the basis of competitive bidding for Phalodi-Pachpadra-Ramji ki Gol Road under Mega Highways Project in Rajasthan for Fee Plaza.

The operations will commence from Sept. 17, 2015 and the period of the contract is 197 days i.e. Mar. 31, 2016. The contractual amount for the said project is around Rs 437.9 million payable to RIDCOR on a weekly basis from Sept. 17, 2015 to Mar. 31, 2016.

Shares of the company declined Rs 0.05, or 0.10%, to trade at Rs 49.30. The total volume of shares traded was 15,025 at the BSE (12.52 p.m., Tuesday).