NESCO declared as highest bidder from National Highways Logistics Management

13 Dec 2024 Evaluate

NESCO has been declared as highest bidder by National Highways Logistics Management for Developing, Operating and Maintaining of Wayside Amenities on Hyderabad Visakhapatnam Expressway in Khammam - Devarapalle Section on Lease Basis comprising of 4 sites. 

The total cost the Company has to incur for development of Wayside Amenities is estimated at around Rs 50 crore for each of the 4 sites. The estimated annualised revenue from 4 sites is around Rs 300 crore from year 4 of operations.  The annual lease rent is Rs 4.29 crore for 4 sites with fixed annual revision basis increase in WPI and CPI.  

NESCO is a tool manufacturing company. The Company operates in two divisions: Bombay exhibition center/realty division and engineering division.

NESCO Share Price

953.45 -29.70 (-3.02%)
20-Dec-2024 16:59 View Price Chart
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