Nelco soars after pact with Intelsat for inflight connectivity in India

Image
Capital Market
Last Updated : Aug 26 2022 | 10:04 AM IST

Nelco hit an upper circuit limit of 10% at Rs 856.65 after the satellite and broadband services firm Intelsat announced an agreement with the company to offer inflight connectivity in India's airspace.

Intelsat, operator of one of the world's largest integrated satellite and terrestrial network and leading provider of inflight connectivity (IFC), announced the beginning of Intelsat's inflight connectivity services in Indian skies through an agreement with Nelco, India's leading satellite communication service provider.

Intelsat's IFC service enables airline passengers a seamless at-home and in-office connectivity experience. Further, it allows an airline to differentiate itself, enhancing the passenger experience while driving passenger loyalty and optimizing flight operations.

"In addition to expanding our service coverage area for current customer airlines, our agreement with Nelco opens the possibility for Intelsat to serve India's domestic airlines," said Jeff Sare, president of Commercial Aviation at Intelsat. "This is a fast-growing airline market, and there is considerable untapped potential for IFC growth."

Nelco has been offering the Aero IFC services for more than two years with plans to introduce these services to more airlines in collaboration with its global partners. Nelco will provide these services using Intelsat's IS-33e high throughput satellite. Intelsat's IS-33e satellite is approved by Indian government regulators, paving the way for coverage with no interruptions or blackout zones.

The service is available on Intelsat partner airlines and their passengers on aircraft now.

Nelco, a part of the $128 bn Tata Group, is a leading satellite communication service provider in India, providing highly reliable data connectivity solutions across the country for the Enterprise, Aero IFC and Maritime sectors.

On a consolidated basis, Nelco's net profit rose 7.8% to Rs 4.72 crore on 48.2% increase in net sales to Rs 81.68 crore in Q1 FY23 over Q1 FY22.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 26 2022 | 9:52 AM IST

Next Story