Nesco Ltd.’s shares gained nearly 4% in early trading after the company announced securing a significant contract from National Highways Logistics Management Limited (NHLML). The contract underscores Nesco’s growing presence in infrastructure development and marks a critical milestone for the Bengaluru-Chennai Expressway.
Key Highlights:
- Scope of Work: Development, operation, and maintenance of three wayside amenities (WSA) sites along the expressway under a 30-year lease, with an option to extend for another 30 years.
- Timeline: The project is expected to be completed within 10 months from the appointed date.
- Financial Metrics:
- Development Costs: ₹75 crore per site, totaling ₹225 crore.
- Projected Annual Revenue: ₹350 crore starting from the fourth year of operations.
- Annual Lease Rent: ₹16.6 crore for all three sites, with annual adjustments tied to WPI and CPI.
As of 9:15 am the shares were trading 3.21% higher at ₹1,024.95 on NSE.
Nesco Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Mon, Jan 6 2025
|
₹995.00
|
₹993.10
|
-0.25%
|
|
Fri, Jan 3 2025
|
₹994.95
|
₹995.60
|
|
|
Thu, Jan 2 2025
|
₹982.30
|
₹987.55
|
|
|
Wed, Jan 1 2025
|
₹971.00
|
₹981.10
|
|
|
Tue, Dec 31 2024
|
₹944.40
|
₹963.65
|
|
|
Mon, Dec 30 2024
|
₹956.95
|
₹949.75
|
-0.37%
|
|
Fri, Dec 27 2024
|
₹949.05
|
₹953.30
|
|
|
Thu, Dec 26 2024
|
₹951.00
|
₹949.05
|
|
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