NESCO Wins Rs 2.25 Billion Tender for Bengaluru-Chennai Highway Project

08 Jan 2025 CW Team

This project represents a significant milestone for NESCO as the company expands its presence in infrastructure development. NHLML, a 100 per cent owned Special Purpose Vehicle (SPV) of the National Highways Authority of India (NHAI), functions under the Ministry of Road Transport and Highways. The scope of work includes the development, operation, and maintenance of Wayside Amenities in the South Zone along the Bengaluru-Chennai Expressway Corridor (Phase II), on a lease basis, covering three sites. The contract is a domestic agreement for developing and operating infrastructure facilities, with a lease period of 30 years and the first right of refusal for an additional 30-year extension.

The development period is set to be completed within 10 months from the Appointed Date. The estimated development cost is Rs 750 million per site, totalling Rs 2.25 billion for all three sites. The projected annualised revenue is Rs 3.50 billion from the fourth year of operations across all three sites, with an annual lease rent of Rs 1690.60 million for the three sites, subject to fixed annual revisions based on the Wholesale Price Index (WPI) and Consumer Price Index (CPI). The contract does not involve any related party transactions, nor does it allow any interest or involvement of promoters, promoter groups, or group companies in the awarding entity.

The project aims to enhance the user experience along the Bengaluru-Chennai Expressway by providing modern amenities. NESCO's leadership expressed confidence in completing the project within the stipulated timelines and delivering substantial value. In a stock exchange filing, the company stated that this opportunity aligns with its vision of contributing to India's infrastructure growth and creating long-term value for stakeholders.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..