NELCO Limited has informed the Exchange regarding 'Press release titled Nelco signs agreement with Eutelsat for offering LEO connectivityservices across India. '.
NELCO · price
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Awaiting price reaction for this filing.
NELCO Limited, a Tata Group company and India's leading satellite communication service provider, has signed an agreement with Eutelsat (a global GEO-LEO satellite operator listed on Euronext Paris) to deliver OneWeb low Earth orbit (LEO) satellite connectivity services across India. The partnership will cover land, maritime, and aviation markets, with service reach extending across India's borders, territorial waters, and remote regions. The services will support secure government and enterprise applications, including national security and digital infrastructure needs. Nelco will work through OneWeb India Communications, Eutelsat's local operating entity, and is ready to offer services as soon as OneWeb LEO becomes commercially operational in India.
This is a strategic partnership with a major global satellite operator that strengthens NELCO's position in India's growing satcom market across high-value segments like defence, government, and enterprise. Positive for long-term growth and revenue diversification, though actual revenue impact depends on the commercial launch timeline of OneWeb LEO services in India.