MEP eyes Rs 10,000-cr projects after landing 6 national highway contracts

Management says debt-to-equity ratio to alleviate any concerns on part of lenders

MEP Infrastructure Developers is eyeing Rs 10,000 crore worth of contracts to be tendered by the end of the year. The company already has six of the 17 national highway projects that have so far tied up all funds after being bid out on the hybrid annuity model (HAM). 

Jayant D Mhaiskar, vice-chairman and managing director of MEP Infrastructure, told Business Standard that these six projects have been bagged by the company since the government started bidding highway contracts on the basis of HAM.

The highway contracts that are in the states of Maharashtra and Gujarat would be commercially operational