You are here » Home » Companies » Company Overview » Elnet Technologies Ltd

Elnet Technologies Ltd.

BSE: 517477 Sector: Infrastructure
NSE: ELNET ISIN Code: INE033C01019
BSE 12:32 | 19 Oct 176.65 -1.10
(-0.62%)
OPEN

177.05

HIGH

182.00

LOW

173.00

NSE 05:30 | 01 Jan Elnet Technologies Ltd
OPEN 177.05
PREVIOUS CLOSE 177.75
VOLUME 4356
52-Week high 232.90
52-Week low 111.00
P/E 5.69
Mkt Cap.(Rs cr) 71
Buy Price 177.00
Buy Qty 30.00
Sell Price 178.00
Sell Qty 100.00
OPEN 177.05
CLOSE 177.75
VOLUME 4356
52-Week high 232.90
52-Week low 111.00
P/E 5.69
Mkt Cap.(Rs cr) 71
Buy Price 177.00
Buy Qty 30.00
Sell Price 178.00
Sell Qty 100.00

Elnet Technologies Ltd. (ELNET) - Company History

Elnet Technologies was incorporated as a public limited company in 1990. The promoters signed a joint sector agreement with ELCOT for setting up a software technology part. The company took up a project of constructing a software technology park on a plot of land admeasuring five acres at Taramani Madras to provide infrastructural facilities like air-conditioned working space un-interrupted power supply data communication facilities etc to software developers for development of software both for domestic and international markets. In 1995-96 the construction of the project was completed. 23 modules of 5000 sq ft was completed and handed over to the occupants. It also diversified into value added services for providing connect mail and connect fax facilities in association with Videsh Sanchar Nigam and necessary infrastructure has also been created at Madras as well as the other metros.Out of the 5 acres of land occupied for setting up Elnet Software City 1.34 acres was surrendered to Tidel Park Ltd and 0.5 acres to the Government for road widening. The balance was formally alloted to ELCOT in 1998-99 and Rs. 1 cr. was provided as lease rent to ELCOT during 1999-2000 pending finalisation of lease terms. ELCOT finalised the lease deposit at Rs.14.28 cr with a nominal lease rent of Re.1/- per year for 90 years. The company's has requested for deferred payment of the lease deposit with 10.5% interest per annum on outstanding payments during the deferment period.The company is also planning to take up the Software Technology Park along the MRTS phase 2 railway system along with ELCOT. The outcome of the proposal is awaited.

.