Nelco stock climbs 5.55% following Elveo Satellite deal
Shares of Nelco jumped 5.55% to reach ₹1,081.50 following the announcement of a strategic investment and partnership with the US company Elveo Mobile. This alliance aims to introduce Direct-to-Device satellite services to India and South Asia. The initiative will focus on sectors including automotive, maritime, energy, and government, while also providing solutions for IoT and enterprise connectivity.
by shortkt.com✓