What is the Share Price of Neueon Towers Ltd?
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The share price of Neueon Towers Ltd for NSE is ₹ 5.22 and for BSE is ₹ 5.10.
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As of the latest trading session, Neueon Towers Limited share price is currently at ₹ 5.1, which is up by ₹ 0.00 from its previous closing. Today, the stock has fluctuated between ₹ 5.10 and ₹ 5.10. Over the past year, Neueon Towers Limited has achieved a return of 45.29 %. In the last month alone, the return has been 69.99 %. Read More...
Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
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Company Name | Price | P/E | P/B | Market Cap | 52 Week Low/High |
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Neueon Towers Limited (Formerly known as Sujana Towers Limited), a part of Sujana Group, was incorporated on April 06, 2006 in Andhra Pradesh led by the Promoters, Yalamanchili S. Chowdary, G. Srinivasa Raju and their Associates. Later on, the Company name was changed from 'Sujana Towers Limited' to 'Neueon Towers Limited' effective on September 8, 2016. As on March 31, 2024, Company is having one wholly owned subsidiary - M/s. Digitech Business Systems Limited, Hong Kong.
The Company is in the area of manufacturing and is currently operating in various areas/ verticals/products related to Towers & Transmission, TSF and Speciality Structural steel Manufacturing Business. The Company manufactures galvanized steel towers used in the power transmission and telecom tower sectors. It has set up two large-scale units at IDA Bollaram Industrial Estate in Hyderabad.
The Company is ISO 9001:2001 certified , among few of their kind in the country and also obtained approvals for supply from PGCIL, various State Electricity Boards and BSNL. The company was formed on demerger of the Tower Division from Sujana Metal Products Ltd pursuant to the Scheme of Arrangement and Amalgamation and got listed with Bombay Stock Exchange with effect from August 21, 2007.
In 2006-07, the company completed the expansion of galvanized tower facility to 128,125 TPA in two phases. The first phase became operational in September 2006 and the second phase was completed by March 2007.
During the financial year 2007-08, the company acquired 100% equity in Digitech Business Systems Ltd, Hong Kong for an amount of USD 5001 to cater the needs of the customers located at Hong Kong. The company incorporated Sujana Transmissions Ltd at Hyderabad exclusively for the purpose of undertaking transmission business of power sector in India.
In June 2008, the company acquired 51% shareholding in an African telecom infrastructure company, namely Telesuprecon Ltd, which had their branches at Blantyre in Malawi, Nairobi in Kenya and Lusaka in Zambia for providing infrastructure facilities of both telecom and transmission towers. It further set up a manufacturing plant in Chennai with a capacity of 100,000 tonne per annum.
Hon'ble NCLT, Hyderabad bench, Hyderabad ordered the commencement of the Corporate Insolvency Resolution Process of the
Company dated 03.06.2019. As such, the Company has been under CIRP since 03-06-2019.
The Company was admitted for Corporate Insolvency Resolution Process in 2019 and thereafter the Company activities in all respects were deteriorated until the new management took over the Company as per the Resolution Plan approved by the Hon'ble NCLT and the new management is is studying the current business lines of the Company to identify and focus on profit generating lines. Company aims to realize two established objectives: Transform steel from a commodity and product into a service, and leverage on the Company excellence in production of quality long steel. Company aims to emerge as the first integrated player in towers segment in South India. This can be possible due to the Company's resounding expertise in re-rolling facilities that help in tower fabrication as per customer specific sizes, within far lesser time frames.
The share price of Neueon Towers Ltd for NSE is ₹ 5.22 and for BSE is ₹ 5.10.
The market cap of Neueon Towers Ltd for NSE is ₹ 0.0 Cr. and for BSE is ₹ 27.5 Cr. as of now.
The 52 Week High and Low of Neueon Towers Ltd for NSE is ₹ 5.22 and ₹ 2.13 and for BSE is ₹ 5.10 and ₹ 2.30.
You can trade in Neueon Towers Ltd shares with Bajaj Broking by opening a Demat Account.
The 1 year returns on the stock has been 45.29%.
Neueon Towers Ltd share price is for NSE ₹ 5.22 & for BSE ₹ 5.10 as on Dec 02 2024 12:00 AM.
The market cap of Neueon Towers Ltd for NSE ₹ 0.0 & for BSE ₹ 27.5 as on Dec 02 2024 12:00 AM.
As on Dec 02 2024 12:00 AM the price-to-earnings (PE) ratio for Neueon Towers Ltd share is -0.29.
As on Dec 02 2024 12:00 AM, the price-to-book (PB) ratio for Neueon Towers Ltd share is -269.66.
You can trade in Neueon Towers Ltd shares with Bajaj Broking by opening a demat account.
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