Legacy IT Building 1 is a small structure which was originally leased out to TCS. Building is rather dilapidated and needs to be demolished. IT Building 2 is also quie old. There will be around ten per cent reduction in revenue after the two buildings are demolished. But part of it will be covered in incremental increases from existing business. Post-construction of the new buildings, both top and bottom line will see a huge jump.
In the past when NESCO’s IT Buildings 3 and 4 under construction we experienced this. But the jump can be huge after a gap of three four years. The new tower will be constructed in two parts, So one should see a big jump by 2026-7 when the first part of the construction is completed.
NESCO, as a stock, is meant only for the patient investor!
dis: holding in long-term portfolio
| Subscribe To Our Free Newsletter |
