Capex worth Rs 3,500 crore planned by Nesco
Engineering services provider Nesco has planned a capital expenditure (CAPEX) of Rs 3,500 crore. The firm's board approved the capital expenditure (capex) plan, which followed the receipt of an ‘intimation of disapproval’ (IOD) from the Brihanmumbai Municipal Corporation (BMC) for the development of proposed Tower 2 in the IT Park at Nesco Center, Goregaon (East), Mumbai.
As per the firm, the funding for the project shall primarily be done from internal accruals.
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