Strengths

Business Model
Early Mover Advantage
Technological Innovation
Business Model
We are one of the only few Indian infrastructure companies who have the domain expertise to take on projects in road construction, maintenance and toll collection, both selectively and collectively. While we have projects like Mumbai Entry Point, where we not only collect toll at the five plazas but also maintain 27 flyovers and allied structures of the city, we also operate independent long-term toll collection projects like HRBC- Vidyasagar Setu in Kolkata and Kini- Tasawade in Maharashtra.
The low risk nature of the business model allows for lower project cost and quicker payoff. The low risk nature of the business model allows for lower project cost and quicker payoff. Diversified mix of short term and long term projects allows longevity of the business as short term projects provide visibility for future pipeline of OMT/TOT projects.
Early Mover Advantage
MEP benefits from an early mover advantage, being one of the first few companies focusing on pure toll collection, having started our business in December 2002 by collecting toll at five Mumbai Entry Points.
It’s experience and expertise in toll management gives it’s an advantage while bidding for new toll collection contracts, in capitalizing on new opportunities available in the market and evolving with new formats of toll collection contracts
In 2010, the company bid for as many as 61 short-term toll collection projects of NHAI and was successful in winning 21 projects. We successfully managed to commence the toll collection on the 21 projects in a short span of three months.
In the same year, MEP bid for the Mumbai Entry Point project and paid Rs.2,100cr in a single cheque to the government, possibly the largest amount paid to the government by any Indian infrastructure company.
In 2016, when we foresaw an exciting opportunity in the hybrid annuity model of road construction and already hold a significant market share in this space.
Technological Innovation
Our ability to bid appropriately for our projects depends significantly on the assessment of the future traffic patterns and the amount of toll to be collected. We use advanced Infrared-based predictive analysis tools for traffic analysis, which, in turn, help in revenue projections for bidding. We are in the business of toll collection in cash. Hence it becomes imperative to have control systems in place to monitor leakages. We have more than 850 cameras booths installed for all our projects across India to ensure smooth operations. We have set up a centralized control room at our Airoli office that consolidates cameras at all our toll plazas to enable 24x7 video-based monitoring of the toll operations.In 2002, we commissioned an automatic vehicle tracking and counting mechanism to strengthen throughput forecasting and minimize leakages, one of the first such instances in India.Payments at the toll plazas, both electronic as well as cash payment, are processed through a semi-automated or a fully-automated toll collection system, depending on the complexity of the project and the infrastructure provided by the Authority. Both these systems collect and store traffic and payment data, reducing the need for manual operations. A fully automated system includes equipment like vehicle counting classifier, vehicle audit system, communication channels and traffic control equipment to name a few. We also use weigh-in-motion technology for projects where weight-based toll collection is mandated. Our weight basedtolling systems are integrated with the fully automatic toll collection system for enhanced revenue controls. MEP’s strategic investments in cutting edge technology has helped graduate India’s toll collection experience to international standards. It was instrumental in implementing the leading edge RFID technology based electronic tolling in 2012 in the form of ETC tags at the Rajiv Gandhi sea link and the five Mumbai Entry Points, the first of its kind in the commercial capital of India. Currently, the company has more than 1,25,881 ETC tag users.These RFID tags are affixed on a vehicle’s windshield and can hold prepaid balances starting from Rs.100 to Rs.1 lakh, empowering vehicles to move almost non-stop through toll plazas. In a step ahead, enabling customer’s convenience, we have partnered with Citrus, Paytm & Reliance JIO for online recharge of ETC tags across the Rajiv Gandhi Sea link and the five Mumbai Entry Points. The ETC tag, which can be recharged anytime anywhere, are available for Value-based, Monthly Pass and Journey based travel. These ETC tags also help reduce cash management and hence improve transparency in transactions. We have more than 1.25 Lakhs ETC tag users as on March 31, 2017. In 2015, we embarked on a strategic decision to invest in cutting-edge applications that would graduate the country’s toll collection experience to the international standard. What proved to be the game-changer is that we didn’t just commission this service for captive use; we made a merchant application of this competence and, in doing so, emerged as a technical service provider to 50 toll plazas out of the 100 public-funded projects in India. This work was awarded by Indian Highway Management Company Ltd (NHAI initiative) to MEP consortium and this engagement will generate Rs.150 cr in contract value across five years, making our technology investment more than pay for itself.