NESCO : SEEKS SURRENDER OF LAST BENGALURU–CHENNAI EXPRESSWAY SITE ⚠️

• 🛣️ NESCO has submitted an application to NHLML to surrender its remaining 1 site on the Bengaluru–Chennai Expressway • 📉 Decision follows infrastructure deficiencies, regulatory hurdles, land-related issues and challenging site conditions • ⏳ These issues have led to project delays and reduced commercial viability • ❓ Company said the financial impact cannot be estimated currently as it depends on actions of the concerned authority • 🚧 NESCO continues development work on its 4 sites on the Hyderabad–Visakhapatnam Expressway (Khammam–Devarapalle section) 🟠 Impact: Slightly Negative (Exit from the Bengaluru–Chennai Expressway project reflects execution and viability challenges, though ongoing development of other expressway sites limits the overall impact.)

NESCO LTD.

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