
Nesco Limited has been declared the highest bidder by the National Highways Logistics Management Limited (NHLML) for developing, operating, and maintaining wayside amenities on the Raipur-Visakhapatnam Expressway. The company received the official allotment correspondence on January 14, 2025, at 6:37 PM.
Key details of the contract:
- Awarding Entity: National Highways Logistics Management Limited, a 100% owned SPV of NHAI under the Ministry of Road Transport and Highways.
- Nature of Work: Development, operation, and maintenance of wayside amenities on a lease basis.
- Locations: Four sites on the Raipur-Visakhapatnam Expressway (Bundle RV-1).
- Development Timeline: The development is expected to be completed within 10 months from the appointed date.
- Lease Period: 30 years with the first right of refusal for extending the lease for another 30 years.
- Estimated Development Cost: Approximately ₹50 crore per site.
- Projected Annual Revenue: Estimated at ₹300 crore from year 4 of operations across all four sites.
- Annual Lease Rent: ₹3.34 crore for the four sites, with annual revisions linked to changes in WPI and CPI.
This development aligns with Nesco Limited’s commitment to expanding its infrastructure and operational capabilities. The project is expected to significantly enhance amenities for travelers on the Raipur-Visakhapatnam corridor while contributing to the company’s long-term growth trajectory.
Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice.