Deals12 Dec 2024, 09:41 pm
NESCO LTD Wins Tender for Developing, Operating and Maintaining Wayside Amenities on Hyderabad Visakhapatnam Expressway
AI Summary
NESCO LTD has been declared as the Highest Bidder and has accepted the proposal for Developing, Operating and Maintaining of Wayside Amenities on Hyderabad Visakhapatnam Expressway in Khammam - Devarapalle Section on Lease Basis by National Highways Logistics Management Limited. The total cost for development of Wayside Amenities is estimated at ~ Rs. 50 crores for each of the 4 sites. The estimated annualised revenue from 4 sites is ~ Rs. 300 crores from year 4 of operations. The annual lease rent is Rs. 4.29 crores for 4 sites with fixed annual revision basis increase in WPI and CPI.
Key Highlights
- NESCO LTD wins tender for Developing, Operating and Maintaining of Wayside Amenities on Hyderabad Visakhapatnam Expressway
- The tender is for 4 sites in Khammam - Devarapalle Section on Lease Basis
- The estimated cost for development is ~ Rs. 50 crores per site
- The estimated annualised revenue from 4 sites is ~ Rs. 300 crores from year 4 of operations
- The annual lease rent is Rs. 4.29 crores for 4 sites with fixed annual revision basis increase in WPI and CPI