Nelco Ltd.

BSE: 504112 | NSE: NELCO
Small Cap | IT - Hardware
674.00
-28.85 (-4.10%)
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Nelco gets nod for restructuring its ISSS business

Date: 04-04-2014

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.