MEP Infrastructure Developers update on directives of MSRDC

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Capital Market
Last Updated : Aug 21 2018 | 11:16 AM IST

Temporary exemption of toll tax at Airoli, Mulund-EEH and Mulund-LBS Toll Plazas

MEP Infrastructure Developers announced that MEP Infrastructure (MEPINFRA) a material subsidiary of the Company has received a letter dated 20 August 2018 from the Maharashtra State Road Development Corporation (MSRDC/Authority) to exempt only Light Motor Vehicles/Car/Jeep/MSRTC & School buses and Others Vehicles (having 12 passenger capacity) from Toll Tax at Airoli, Mulund-EEH and Mulund-LBS Toll Plazas on temporary basis during the period from 21 August 2018 to 23 September 2018 to ease traffic snarls on account of widening and strengthening of Mumbra Bypass. The settlement of claims will be dealt as per the provisions of the Contract Agreement executed with the authority.

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First Published: Aug 21 2018 | 11:05 AM IST

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