NELCO LTD
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BSE Code:
504112
NSE Code:
NELCO
Business Profile
Business Profile
Nelco (NELCO), a TATA group enterprise, provides solutions incorporating customized systems built around standardized modules, sub-systems and software. It was incorporated as a public limited company on May 28, 1949.
The company is focused on system integration and product management for industrial controls, defence electronics, power, electronics, VSAT networks and automation. It specializes in the areas of security and surveillance for defence and civil applications, electronics for locomotives, traction, turnkey projects involving supervisory control and data acquisition system (SCADA); real time and embedded software and network management system with VSAT based networks, and AC and DC drives. The company caters to core industries like defence, railways, cement, steel, oil and gas, paper, automobile, ceramics and services. Nelco has its manufacturing facility in Mahape, Navi Mumbai.
The company has strategic partnerships with Eagle Telonics, Secotec, Viasat, Serck Controls, OSI, STM Networks, and ASI Robicon. Nelco was awarded Amity HR Excellence Award for the year 2007 by Amity International Business School, Noida. It has a nationwide sales and service network with four regional offices, eight branch offices, and project-based service locations. Clients include the Ministry of Defence, state electricity boards, Power Grid Corporation of India, Siemens, Philips Carbon Black, Jindal Steel and Power, Tata Iron and Steel Company, Indian Railways, Steel Authority of India, Hindustan Petroleum Corporation, Hindustan Paper and Chemicals, Cochin Port Trust, Tata Power Company and Tata Motors.
The registered office of the company is at Francysters Cybernetics Center, Eucharistic Congress Building No.III, 3rd floor, 5, Convent Street, Colaba, Mumbai-400039 and head office at EL-6, T.T.C. Industrial Area, Electric Zone, Mahape, Navi Mumbai-400710.
Financials
The company reported that loss for the quarter ended in December 2008 has widened. Net sales for the quarter declined 28.64% to Rs 319.10 million, while total income for the quarter dipped 28.79% to Rs 319.1million, when compared with the prior year period.
Recent Developments
17-MAR-09
The company`s division, Tatanet has bagged Rs 416 million order from Oil and Gas Natural Corporation (ONGC) to enhance the communication infrastructure of their Western Offshore site.