Nesco Gets Initial Approval for IT Park Tower 2 in Mumbai, India

MT Newswires Live

2025/03/31

Nesco (NSE:NESCO, BOM:505355) has received an Intimation of Disapproval (IOD) from the Brihanmumbai Municipal Corporation for the development of Tower 2 at its IT Park in Nesco Center in Mumbai, India.

An IOD is a no-objection certificate from the local planning authority confirming that the proposed building plan adheres to zoning and construction regulations.

The company said it will now proceed with necessary compliances to obtain the work commencement certificate, according to a filing with Indian exchanges on Saturday.

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