MEP Infrastructure Developers has received Letter of Acceptance (LoA) from National Highways Authority of India (NHAI) on August 10, 2017 informing that MEP has been appointed as the Contractor for the Project of ‘Collection of user fee through User Fee Collecting Agency at Paduna Fee 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 period of the contract is three months and the operations will commence on August 17, 2017 after complying the statutory formalities like submission of performance security, signing of contract as per the LoA.

Shares of the company gained Rs 4.80, or 4.71%, to trade at Rs 106.85. The total volume of shares traded was 550,959 at the BSE (1.46 p.m., Friday).