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