Nelco Announces Strategic Investment to enhance its portfolio of Satellite Communication Solutions

Nelco, India's leading and innovative satellite communications service provider, announced its investment in Piscis Networks Private Ltd., ("Piscis") an OEM and one of the pioneers in providing SD-WAN solutions (Software Defined Wide Area Network) that improves network performance and reliability. This investment is an important step for Nelco to expand its service portfolio and elevate its position as an integrated network solution provider. This also reinforces Nelco's commitment to deliver comprehensive and innovative satellite communication solutions to its customers. Nelco is focused on creating unparalleled high-quality solutions and services to meet the evolving demands of its customers.

Commenting on this development, Mr. P J Nath, MD & CEO, Nelco said, "This investment aligns with our vision to deliver comprehensive satellite communication solutions for our existing customers as well as new market segments. By leveraging the product portfolio and expertise of Piscis, we will augment our service offerings and provide our customers with enhanced satellite communication experiences."

Nelco continues to create newer products and services, further driving innovation in the satellite communication industry and empowering customers across various sectors. With this investment, the Company will enable its customers to further improve their network performance, reliability, and security.

Nelco is optimistic about the future growth opportunities in the satellite communication industry and aims to revolutionize communication across sectors and across the remotest parts of the country.

Shares of NELCO Limited was last trading in BSE at Rs. 718.65 as compared to the previous close of Rs. 634.50. The total number of shares traded during the day was 264143 in over 16071 trades.

The stock hit an intraday high of Rs. 755.00 and intraday low of 640.05. The net turnover during the day was Rs. 187554058.00.

Source : Equity Bulls

Keywords

NELCO INE045B01015 Investment PiscisNetworks OEM SDWANSolutions