 "MEP Infra gains after NHAI awards toll collection rights in UP")
Shares of MEP Infrastructure Developers were up over 2% on the Bombay Stock Exchange after the company said that it has been awarded toll collection rights by the National Highways Authority of India.
The rights for collection of user fee through Fee Collecting Agency for Brijghat toll plaza at 88.50km for the section Hapur-Garmuketeswar section on NH-24 in the State of Uttar Pradesh, the company said in a release.
The company has received the Letter of Acceptance (LOA) on December 10, 2015 and the operations will commence within 12 days from the date of the LOA, the release added.
The stock opened at Rs 48.60 and touched a high of Rs 49.65. At 12:30pm, over 400,000 shares were traded on both the stock exchanges.
