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.
