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NELCO Ltd.

BSE: 504112 Sector: Telecom
NSE: NELCO ISIN Code: INE045B01015
BSE 00:00 | 19 Apr 188.55 1.35
(0.72%)
OPEN

185.00

HIGH

190.00

LOW

183.10

NSE 00:00 | 19 Apr 188.85 1.75
(0.94%)
OPEN

190.00

HIGH

193.00

LOW

177.75

OPEN 185.00
PREVIOUS CLOSE 187.20
VOLUME 9232
52-Week high 204.15
52-Week low 77.10
P/E 45.88
Mkt Cap.(Rs cr) 430
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 185.00
CLOSE 187.20
VOLUME 9232
52-Week high 204.15
52-Week low 77.10
P/E 45.88
Mkt Cap.(Rs cr) 430
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

NELCO Ltd. (NELCO) - Company History

The National Radio & Electronics Company (NELCO) was promoted in 1940 by the Investment Corporation of India, inter alia, to manufacture broadcasting equipment. Its present activities are the manufacture, trade and sale of consumer electronic products, sale of business systems and office products. NELCO has technical collaboration/technical transfer agreements with Serck Control, UK, for 16 RIT industrial micro computers; and with Teleglobe, Canada, for data communication networks. It introduced telebanking in the nationalised banks and computerised more than 65 branches of 28 banks all over India. It also introduced India's first LAN inter-connectivity products. The company has diversified its activities in the electronic field and manufactures televisions, computer and telecommunication systems, as well as industrial systems and plans to set up a new factory to manufacture and sell telecommunication systems. NELCO transferred its business systems division to a new subsidiary -- Nelito Systems, formed in association with Itochu Corporation, Japan. NELCO has been selected by Chittararanjan Locomotive Works for power control and auxillary equipment of 6000 HP AC locomotives. This project was executed successfully in 2001 and were approved by RDSO. NELCO and General Electric (GE) of USA have signed a co-operation agreement which will enable GE and NELCO to play complementary role in providing state-of-the-art drive and automation systems for the metal industries in India. The construction of Technopolis Knowledge Park (TKP) at Andheri was completed by the company, with the assistance of Tata Housing Development Company. The company has exexcuted orders for defence requirement in 2001-02 and the company has orders worth Rs.12.80 crores for supply of Global Positioning Receivers for Army and Airforce,for execution in 2002-03.