In this article here we have a Jackpot Penny stock under Rs 15 Get Order 130 million Dollar. MEP Infrastructure Developers Ltd is a company that is active in the development, operation, and maintenance of road infrastructure inside India. The company focuses primarily on providing its services to both Central and State Road authorities.
Victory Infra LLC, a wholly owned subsidiary of MEP Infrastructure Developers Limited (MEPIDL), has signed into a definitive Head of Terms (HOT) agreement for an Engineering, Procurement, and Construction (EPC) contract with Yellowstone DRC SARL (YDS). This agreement was made with Yellowstone DRC SARL (YDS). The development of the Kasumbalesa Dry Port in the Democratic Republic of the Congo (DRC) is the subject of the contract in question. This transaction is not considered to include any linked parties because it is carried out in a completely impartial manner. The duration of the execution period of the contract is twenty-four months beginning on the designated date, and the projected price of the contract is between one hundred fifteen million and one thirty million US dollars.
Additionally, Victory Infra LLC has signed a definitive Head of Terms (HOT) agreement for an Operation, Maintenance, and Management (O&M) contract with Yellowstone DRC SARL (YDS). This agreement was made with Yellowstone DRC SARL (YDS). The contract is for the operation of the Kasumbalesa Dry Port in the Democratic Republic of the Congo (DRC), and Victory Infra LLC has been selected as the preferred contractor for this project. Victory Infra LLC will be responsible for managing, maintaining, and operating the port. From the day when Commercial Operation begins, the O&M contract will have a lifespan of 12 years, with the possibility of Yellow Stone extending it by an additional 6 years at their discretion. The expected fees for the O&M contract vary from USD 14 million to USD 18 million per year, with a yearly escalation of 5% for each year of the contract.
ABOUT The Company
MEP Infrastructure Developers Ltd is in the business of constructing, operating, and maintaining road infrastructure in India. The company’s primary focus is on providing its services to the Central and State road authorities in the country. [1]
KEY POINTS
Services provided by BOT and HAM: The company is responsible for the operations, maintenance, and toll collection of the road assets as part of the Build-Operate-Transfer (BOT) industry. The developer is responsible for contributing sixty percent of the overall cost of the project in accordance with the Hybrid Annuity Model. The remaining forty percent of the total cost is funded by the government during the construction period in five equal installments that are connected to project milestones.
On Wednesday, the company’s stock increased by more than 16 percent, reaching an intraday high price of Rs 12.02 per share.
Investors would be wise to keep a careful check on the performance of this hot stock.
