Nelco signs agreement with Eutelsat for offering LEO connectivity services across India

Nelco Limited (ISIN: INE045B01015 - Listed on the equity segment of BSE Limited & National Stock Exchange of India Limited's stock exchanges), a Tata Group company and one of India's leading satellite communication service providers, has signed an agreement with Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) to deliver OneWeb low Earth orbit (LEO) satellite connectivity services across the India region.

Under the agreement, Nelco will partner with OneWeb India Communications, Eutelsat's local operating entity, to deliver secure, low-latency LEO connectivity for customers on land, at sea, and in the air. Service coverage will extend across India's borders, territorial waters, and remote regions, supporting a wide range of secure government and enterprise applications. These capabilities will strengthen India's digital infrastructure and national security, while ensuring reliable connectivity in underserved areas. Nelco is well geared to offer these services to its customers as soon the OneWeb LEO services become commercially operational in the country.

P J Nath, Managing Director and Chief Executive Officer of Nelco, commented: "We are pleased to partner with Eutelsat to bring OneWeb LEO satellite connectivity services to India. This partnership marks a significant step in enabling reliable, secure, and high-speed communication solutions based on LEO services for critical sectors across land, sea, and air. It reflects our strategy to provide comprehensive multiorbit satellite connectivity services for advancing India's digital ecosystem and supporting the country's strategic communication needs."

Neha Idnani, Regional Vice President for APAC and Director of OneWeb India commented: "We are proud to partner with Nelco, part of the respected TATA Group, to deliver advanced LEO connectivity services in India. This agreement strengthens our strategic footprint in one of the world's most dynamic and fast-growing connectivity markets and underscores our commitment to supporting India's digital and security ambitions."

Shares of NELCO Limited was last trading in BSE at Rs. 851.50 as compared to the previous close of Rs. 882.05. The total number of shares traded during the day was 11043 in over 806 trades.

The stock hit an intraday high of Rs. 905.85 and intraday low of 845.00. The net turnover during the day was Rs. 9770951.00.

Source : Equity Bulls

Keywords

NELCO INE045B01015 Agreement Eutelsat LEOConnectivity