NESCO Surrenders Bengaluru-Chennai Expressway Site, Continues Development on Hyderabad Visakhapatnam Projects
NESCO Ltd has taken action regarding a site on the Bengaluru-Chennai Expressway, submitting an application for surrender following adverse impact due to infrastructure and regulatory complexities. The company confirmed that it continues ongoing development activities on sites located along the Hyderabad Visakhapatnam Expressway.The company submitted the application for surrendering one site on the Bengaluru-Chennai Expressway to National Highways Logistics Management Limited (NHLML) on June 10, 2026. This action follows earlier communications regarding the status of the site. The surrender relates to issues that have adversely impacted the property, including infrastructure deficiencies, regulatory hurdles, land-related concerns, and challenging site conditions, which have resulted in reduced commercial feasibility and delays.
The financial consequences resulting from this surrender cannot currently be estimated by NESCO. The impact assessment is dependent on the actions and decisions of the concerned authorities.
In addition to managing the surrendered site, NESCO remains focused on its existing projects. The company continues carrying out development work on four sites situated on the Hyderabad Visakhapatnam Expressway in the Khammam-Devarapalle section.
NESCO Stock Price Movement
Shares of Nesco Limited are edging higher to ₹1087.3 as of 2:59 PM today, bolstered by a gain of 0.45%. The equity saw robust trading activity with a total volume of 44,406 shares recorded in the market session.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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