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Road Infrastructure Development Company of Rajasthan (RIDCOR) has awarded MEP Infrastructure Developers the rights for collection of user fee through a contractor on the basis of competitive bidding for the Phalodi Pachpadra-Ramji ki Gal road under the Mega Highways Project in Rajasthan. The operations will commence on September 17 and the period of contract is 197 days (up to March 31, 2016). The contract amount of the project is ₹43.79 crore, payable to RIDCOR on weekly basis between September 17 and March 31, 2016. The stock of MEP Infrastruture edged down 2.4 per cent at ₹48.65 on the NSE.
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