National Highways Logistics Management Limited has declared the Nesco Limited as Highest Bidder and has accepted proposal for Developing, Operating and Maintaining of Wayside Amenities on Hyderabad Visakhapatnam Expressway in Khammam - Devarapalle Section on Lease Basis. The official correspondence on allotment of this tender was received by the Company on 11 December 2024. Developing, Operating and Maintaining of Wayside Amenities on Hyderabad Visakhapatnam Expressway in Khammam - Devarapalle section on lease basis comprising of 4 sites.
Whether domestic or International: Domestic. Time period by which the Order is to Executed: Period of Lease: 30 years (with first right of refusal for extending the lease agreement for another 30 years). Period of Development: to be completed within 10 months of Appointed Date.
Broad consideration or size of the order: The total cost the Company has to incur for development of Wayside Amenities is estimated at ~ INR 500 million for each of the 4 sites. The estimated annualised revenue from 4 sites is ~ INR 3,000 million from year 4 of operations. The annual lease rent is INR 42.9 million for 4 sites with fixed annual revision basis increase in WPI and CPI.
