Whalesbook
NELCO Ltd, a Tata Group company, has received a significant regulatory approval—UL VNO-GMPCS authorization—from India's Department of Telecommunications. This 10-year license allows NELCO to sell VSAT services from other operators, expanding its footprint in satellite communications. The news follows recent Q2 FY24 results showing a 26.7% profit increase, though EBITDA slightly declined. The stock saw a minor dip of 1.52% on November 25.