The current toll rate on the sea-link of Rs 60 for a car would go up by Rs 10 to Rs 70, said Jayant Mhaiskar, CMD, MEP Infrastructure.
Over the past year, the road toll management company has bagged 6 HAM projects totalling to Rs 3,836.99 crore covering 1,059.97 lane kilometres.
The company is actively looking at bidding for hybrid annuity projects and would be bidding for Rs 5000-6000 crore in the current quarter, said Jayant Mhaiskar, VC & MD, MEP Infrastructure.
Speaking to CNBC-TV18, Jayant Mhaiskar, the company‘s Vice Chairman and Managing Director, said the company had filed a claim worth Rs 42.5 crore with the National Highways Authority of India for loss of revenue.
The government‘s targets for completion of road projects have come under a flak from road sector experts with Feedback Infrastructure Chairman Vinayak Chatterjee and MEP Infrastructure Managing Director Jayant Mhaiskar terming the targets as overambitious.
In an interview to CNBC-TV18, Jayant Mhaiskar, VC & MD of MEP Infrastructure spoke about the results and his outlook for the company.
MEP Infrastructure too will be filing for a DRHP for InvIT within a month's time, said Vice Chairman and Managing Director Jayant Mhaiskar, adding that post that the approval is likely to come in 45 days.
The incremental capital will be brought in through either preferential shares or rights issue and the total quantum of fund raising will be in-line with requirement of equity to be infused for the projects, said Jayant Mhaiskar, VC & MD, MEP Infra.
Jayant Mhaiskar, Chairman and Managing Director of MEP Infra says, revenue of around Rs 65-66 crore is expected from the Pungad toll collection project and average return on equity on such projects is about 10-12 percent.
In an interview with CNBC-TV18, Jayant Mhaiskar, VC and MD of MEP Infra said that the company has an orderbook of Rs 1300 crore for long term contracts and Rs 600-700 crore worth one year contracts.
Jayant Mhaiskar, Vice Chairman and Managing Director of MEP Infra says that MEP has won the bid the second time in succession and it will add Rs 81-82 crores to the company‘s revenues.
Watch the interview of Jayant Mhaiskar, VC & MD, MEP Infrastructure Developers with Sonia Shenoy & Latha Venkatesh on CNBC-TV18, in which he shared company's quarterly numbers and growth outlook.
Jayant Mhaiskar, VC and MD of MEP infrastructure, in an interview to CNBC-TV18, said that their revenue for FY15 is likely to be around Rs 2,000 crore of which only almost 20 percent is received from the Maharasthra government.