Nesco Limited has been levied a penalty of ₹2,09,72,000 (approximately ₹2.1 crore) by the National Highways Logistics Management Limited (NHLML). This penalty is reportedly related to delays in the implementation of a project. The company stated that this matter pertains to project timelines and that it will submit a representation to NHLML and take appropriate contractual actions. The impact on financial and operational activities is expected to be quantifiable in monetary terms.
Penalty Imposed by NHLML
Nesco Limited has disclosed the receipt of communication from the National Highways Logistics Management Limited (NHLML), a regulatory authority, regarding a penalty. The company was informed of a levy amounting to ₹2,09,72,000 (Rupees Two Crore Nine Lakh Seventy-Two Thousand Only) pursuant to tender number no.2024_NHAI_198970_1. This communication was received on 09 September 2026.
Reason for Penalty and Company’s Response
The details provided indicate that the matter pertains to delays in the timelines for the implementation of a specific project. Nesco Limited has stated that the Company shall make a representation to NHLML concerning this issue and will take appropriate actions in accordance with the contractual provisions. The potential impact on the financial, operational, or other activities of the listed entity, quantifiable in monetary terms, is noted.
Source: BSE
