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MEP Infrastructure Developers has informed the exchanges that MEP Sanjose Nagpur Ring Road 2 Private Ltd – a subsidiary of the company, has received the first milestone payment of 20 per cent of the project value. This follows its subsidiary achieving Milestone One for the project of Four Lane Stand Alone Ring Road/Bypasses for Nagpur City, Maharashtra, on BOT (hybrid annuity). The stock of MEP Infrastructure gained 2 per cent at ₹98.95 on the NSE.
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