Nelco bags contract from ONGC to enhance its communication infrastructure at offshore sites

Nelco, India's leading satellite communication service provider, today announced about their contract for turnkey project from Oil and Natural Gas Corporation (ONGC) worth more than Rs. 40 Cr. The scope of the project entails supply, commission, and maintenance of ONGC's captive very small aperture terminal (VSAT) based network. This network will be used to enhance the communication infrastructure of ONGC's Western India offshore sites.

Nelco will revamp the existing Ku band captive network of ONGC as per their requirement, which will enable voice, and data communication between ONGC's offshore installations, and onshore locations. The scope of the project includes upgradation of existing Ku band satellite communication infrastructure, as well as upgrading the RF and antenna systems and other necessary electronic systems at all locations. This system will enable connectivity for offshore platforms, drilling rigs, specialized vessels and onshore locations.

The key benefits that ONGC will get from this project will be in terms of more efficient, resilient and reliable network, as well as the capabilities to have differentiated services based on application requirements. Nelco is using state of the art satellite technologies to ensure that the network offers the best quality of services to ONGC for their day-today operations and crew life. Commenting on the development, Mr. P J Nath, MD & CEO of Nelco said, "Nelco's vast experience in building and running operations and maintenance of large communication networks will help us in successfully delivering this project. We will be leveraging best-in-class technologies to fully meet the world class communication needs of ONGC, which is critical to their operations. We are proud to be associated with ONGC for this important project".

The solution provides integrated satellite-based end to end IP connectivity solution, which will address requirements for existing and upcoming voice and data applications, as well as provide a back-up network for the existing C band satellite network of ONGC.

Shares of NELCO Limited was last trading in BSE at Rs. 750.65 as compared to the previous close of Rs. 714.95. The total number of shares traded during the day was 8236 in over 294 trades.

The stock hit an intraday high of Rs. 750.65 and intraday low of 710.00. The net turnover during the day was Rs. 6001484.00.

Shares of Oil & Natural Gas Corporation Limited was last trading in BSE at Rs. 150.25 as compared to the previous close of Rs. 147.70. The total number of shares traded during the day was 426599 in over 4351 trades.

The stock hit an intraday high of Rs. 151.00 and intraday low of 147.50. The net turnover during the day was Rs. 63553400.00.

Source : Equity Bulls

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