| The Company was incorporated as MEP Toll Road Private Limited on August 8, 2002, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. The name of our Company was changed from MEP Toll Road Private Limited to MEP Infrastructure Developers Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai, to the Company on November 28, 2011. Subsequently, pursuant to a special resolution passed by the shareholders at an EGM held on August 19, 2014, the name of the Company was changed from MEP Infrastructure Developers Private Limited to MEP Infrastructure Developers Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai, to the Company on September 8, 2014.
The Company was incorported on August 8, 2002 with a paid-up capital of ` 100,000. On December 2, 2002, Ideal Road Builders Private Limited was alloted 990,000 Equity Shares pursuant to which the Company became a subsidiary of Ideal Road Builders Private Limited. On June 8, 2006, 891,000 Equity Shares held by Ideal Road Builders Private Limited were transferred to Jayant D. Mhaiskar. The details in this regard have been disclosed in the section "Capital Structure" on page 81.
The changes to the name of the Company were undertaken to align the name of the Company with the nature of business of the Company and upon conversion of the Company from a private limited company to a public limited company.
Major events
2002
- We started collection of toll at the Mumbai Entry Points
2009
- We started collection of toll for the Rajiv Gandhi Sea Link project
2010
- We were awarded a toll collection contract in Rajasthan by RIDCOR for a period of five years
2010
- We obtained securitization of ` 21,000 million for the Mumbai Entry Points Project
2010
- Our Company started toll collection pursuant to contracts with NHAI across multiple states in India
2011
- We acquired BTPL having a BOT project in Maharashtra for a consideration of ` 10.1 million
2011 - 2012
- We crossed ` 10,000 million of toll and octroi collection revenue in a single financial year (financial year 2011-2012) for the first time
2012
- MEP - IEPL consortium received award of the OMT project from NHAI, being the Hyderabad - Bangalore Project
2012
- We were awarded our first project by NHAI in Rajasthan for toll collection at the Paduna Toll Plaza
2012
- We launched Electronic Toll Collection at the Rajiv Gandhi Sea Link
2013
- We entered into a concession agreement with NHAI for the Chennai Bypass Project
2013
- We entered into a concession agreement with NHAI for the Madurai - Kanyakumari Project in Tamil Nadu
2013
-We were awarded the Vidyasagar Setu Project by HRBC
2014
-We were awarded the OMT project for maintenance of, and collection of toll at the toll plaza at Bandra for, the Rajiv Gandhi Sea Link in Mumbai, Maharashtra by MSRDC
2016
-MEP Infra gets toll collection rights for Athur toll plaza
-MEP Infra gets toll collection rights for Pundag toll plaza
-MEP Infra gets LoA from NHAI
-MEP Infra wins contracts worth Rs 1,762 crores under hybrid model
-MEP Infra bags road project from NHAI in Gujarat
-MEP Infra bags LOA for collection project
-MEP Infra bags new road project from MSRDC
2017
-MEP Infra bags LOA for toll collection from SDMC.
2018
-MEP Infra bags LoA from NHAI for road project.
-MEP Infra achieves milestone one for Nagpur Ring Road.
2021
-MEP Infrastructure Developers receives contract from NHAI.
2022
-The company issued rights shares of Rs. 1 in the ratio of 23:1 at a premium of Rs. 2 per share.
-The Company name has changed to Mercury Ev-Tech Ltd. from Mercury Metals Ltd.
2023
The Company Board of director ha approved the amalgamation of Ev Nest Private Limited with Mercury Ev-Tech Limited.
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