Nelco has received an approval for restructuring its Industrial Security & Surveillance Solutions business (ISSS business), by restricting operations and reducing expenditure with a view to minimize losses. The board of directors at its meeting held on April 03, 2014 has approved for the same.
The approval is however subject to necessary approvals / consents / permissions. However, the company will continue to focus on building its position in the Network Systems business.
Nelco, is a part of the leading business house - the Tata group. The company is focused on system integration and product management for industrial controls, power, electronics, defence electronics, VSAT networks and automation.
