Nelco Share Price Jump 3.76% After Securing New UL VNO-GMPCS License

Mumbai, November 26: Nelco share price is witnessing heavy investor demand after it announced that it has secured a new UL VNO-GMPCS License. As of 12:20 PM, Nelco shares were up by 3.76%, or 31.40 points and were trading at ₹865.50. Until now, the shares have traded within a range of ₹882.80 and ₹851.10. The traded volume for the Nelco stock stood at 2.57 lakh shares, with the company’s market cap at ₹1,903 crore. The shares have their 52-week high at ₹1,502.75 and their 52-week low at ₹705.95.

Nelco Limited (NSE: NELCO, BSE: 504112) is a licensed provider of Satcom services, holding the VSAT License, Internet Service Provider (ISP) License, and In-flight & Maritime Communication (IFMC) license issued by the Department of Telecommunication, Government of India. The company was established in 1940, and is headquartered in Mumbai, Maharashtra.

Shares Rise After Securing New UL VNO-GMPCS License

The rise in the share price comes after the company announced that it has secured a fresh authorisation under its existing Unified License. Nelco informed the exchanges that the Department of Telecommunications, Ministry of Communications, has granted the company an additional authorisation UL VNO-GMPCS under its existing Unified License. Now, with the license, the company will be able to sell VSAT services of other UL-GMPCS licensees. The license is valid for 10 years, similar to the company’s current VNO Unified License.

Investor Takeaway

Nelco has announced that it has secured a new UL VNO-GMPCS License. The license will allow the company to sell VSAT services of other UL-GMPCS licensees, which will add to its revenue in the coming quarters. A 10-year validity also gives long-term visibility and stability to its business plans. It will also help the company increase its customer base and market presence. The positive news boosted investor sentiment, leading to a share price rise.

REF: https://nsearchives.nseindia.com/corporate/NELCO_25112025162924_BSENSEReg30updaterelatedtolicense.pdf

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