MEP Infrastructure Developers' subsidiary MEP SANJOSE Mahuva Kagavadar Road has achieved the milestone one for the project of four laning of Mahuva to Kagavadar of NH-8E from km. 100.100 to km 139.915 (design chainage from km 100.450 to km 140.470) (Package-III) in the State of Gujarat on Hybrid Annuity Mode under NHDP Phase IV, as per the Concession Agreement.
The authority has paid the first Milestone payment of 20% of the physical progress for the project on December 12, 2017, which is 79 days ahead of the Scheduled Date for the milestone i.e. February 28, 2018.
Shares of the company gained Rs 1.20, or 1.32%, to trade at Rs 92.30. The total volume of shares traded was 26,979 at the BSE (10.06 a.m., Thursday).