NESCO announced that National Highways Logistics Management has declared the Company as Highest Bidder and has accepted the company's proposal for Developing, Operating and Maintaining of Wayside Amenities on Raipur-Visakhapatnam Expressway on Lease Basis for a 30 year period.

The total cost the Company has to incur for development of Wayside Amenities is estimated at ~ Rs. 50 crore for each of the 4 sites.

The estimated annualised revenue from 4 sites is ~ Rs. 300 crore from year 4 of operations.

The annual lease rent is Rs. 3.34 crores for 4 sites with fixed annual revision basis increase in WPI and CPI.

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