NESCO Ltd Surrenders 4 Sites on Raipur-Visakhapatnam Expressway Due to Site Challenges
Nesco Limited has initiated a key change regarding its land holdings, informing stakeholders of the surrender of four sites situated on the Raipur-Visakhapatnam Expressway. The company stated that these sites were adversely impacted by various challenges, leading to reduced commercial feasibility and delays in development.On June 5, 2026, NESCO applied to National Highways Logistics Management Limited (NHLML) regarding the surrender of the four expresswaysites. The move follows previous correspondence from the company concerning these assets.
The difficulties cited for surrendering the sites include local unrest, infrastructure deficiencies, regulatory and land-related issues, and challenging site conditions. Currently, the financial consequences of this surrender cannot be estimated by NESCO Ltd., as they are dependent on the decisions and actions of the concerned authority.
Despite the reported difficulties with the Raipur-Visakhapatnam Expressway assets, Nesco Limited confirmed that it continues development activities across four sites located on the Hyderabad Visakhapatnam Expressway. These ongoing projects are situated in the Khammam - Devarapalle section.
NESCO Stock Price Movement
Nesco Limited shares slipped today, settling at ₹1112.60 after shedding 1.89% in the post-market session. The stock recorded a total traded volume of 39,605 shares during the day's trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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