Tax & Penalty22 Sept 2026, 08:20 pm
NESCO Ltd Fined ₹2.1 Cr by NHLML for Project Delay
AI Summary
NESCO Ltd has disclosed a penalty of ₹2,09,72,000 imposed by National Highways Logistics Management Limited (NHLML). The penalty is for delays in project implementation related to an additional site, stemming from tender no. 2024_NHAI_198970_1. The company received this communication on September 22, 2026. NESCO plans to submit a representation to NHLML and take actions as per contractual provisions.
Key Highlights
- NESCO Ltd fined ₹2.1 Cr by NHLML for project delay.
- Penalty relates to an additional site and tender no. 2024_NHAI_198970_1.
- Company to contest the penalty and take contractual actions.
- Communication received on September 22, 2026.
Price Impact
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