Nesco - No Visibility On Full-Fledged Start Of Bombay Exhibition Centre Operations: Nirmal Bang
Nesco Ltd. (image: company website) 

Nesco - No Visibility On Full-Fledged Start Of Bombay Exhibition Centre Operations: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

We recently had an interaction with the management of NESCO Ltd. to discuss the current outlook for various business segments and the future plans.

Highlighted below are certain key takeaways from our discussion -

The company had agreed to an extended credit period of three to four months for rent payments for some tenants in the earlier months of the lockdown. During normal times, the payments were made by the tenants within 10 days of the month-end.

Bombay Exhibition Centre has been converted into a Covid-19 care center by the Municipal Corporation of Greater Mumbai.

Out of the five halls in BEC taken up by the MCGM, hall 1, which is the largest hall has been vacated by them and permissions for conducting exhibitions have been granted.

Click on the attachment to read the full report:

Nirmal Bang NESCO-Management Meet Update-19 March 2021.pdf

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