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NESCO declared as highest bidder by National Highways Logistics Management
Jan-15-2025

NESCO has been declared as highest bidder by National Highways Logistics Management for developing, operating and maintaining of wayside amenities on Raipur-Visakhapatnam expressway on lease basis. The said order is to be completed within 10 months of appointed date. The period of lease is 30 years (with first right of refusal for extending the lease agreement for another 30 years). 

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 3.34 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.

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