MEP Infrastructure Developers has received today Letter of Acceptance (LoA) for 1 year tolling contract for Semri toll plaza of NHAI in the state of Uttar Pradesh.

MEP has received the Letter of Award for the toll collection project at Semri toll plaza at 140.400 Km for the section 90.000 Km to 155.00 Km (Jhansi-Poonch Section) on NH-26 in the state of Uttar Pradesh for a period of 1 year.

The amount payable to NHAI for the said project is Rs.400.5 million payable on weekly basis.

Jayant D. Mhaiskar, vice chairman & managing director, MEP Infrastructure Developers said that "we are very much happy to get awarded with this project from NHAI."

Shares of the company gained Rs 2.55, or 4.65%, to settle at Rs 57.40. The total volume of shares traded was 939,328 at the BSE (Friday).