MEP Infrastructure Developers signs a concession agreement for four projects, with the National Highways Authority of India (NHAI).

The company’s four of the special purpose vehicles (SPVs) has signed the concession agreement, which are MEP Longjian ACR Private Limited, MEP Longjian CLR Private Limited, MEP Longjian Loha Waranga Road Private Limited and MEP Longjian VTR Private Limited.

Further, a concession period of 15 years has been given to the SPVs’ and it does not include the construction period and it will receive Bi-Annual Annuity from NHAI post commercial operation date (COD).

Read EquityPandit’s Technical Analysis of Indian Stock Market