BUZZ-India's Nesco rises after winning highway infra tender

** Shares of Nesco NSEN.NS rise 4.4% to 1,036.90 rupees

** National Highways Logistics Management allots tender to engineering co to develop and operate 3 sites for wayside amenities in phase-II section of Bengaluru-Chennai Expressway

** Total development cost estimated at 750 mln rupees ($8.8 mln) per site; co sees annualised revenue of 3.5 bln rupees from the sites from fourth year of operations

** Sites to be developed on lease for 30 years and annual lease rent for three sites is 166 mln rupees

** Trading vols nearly 2x the 30-day average

** NSEN gained 9.2% in 2024 vs 44.7% in 2023

($1 = 85.6725 Indian rupees)

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))