StockWatch
·
Heavy Electrical Equipment
Partnership25 Jul 2026, 11:00 am

Neueon Corp Secures ₹150 Cr Order from Elcom Innovations

AI Summary

Neueon Corporation Limited has entered into a Procurement Partnership/MOU with Elcom Innovations Private Limited. Under this agreement, Neueon will supply tactical communication equipment and solutions worth approximately ₹150 crore over the next 12 months. The orders are for the procurement of raw materials and are to be executed by July 23, 2027. This partnership is a domestic arrangement, and neither the promoter nor promoter group companies have any interest in Elcom Innovations.

Key Highlights

  • Neueon Corporation enters ₹150 crore procurement partnership with Elcom Innovations.
  • Agreement covers supply of tactical communication equipment and solutions.
  • Orders to be executed over the next 12 months, with deliverables by July 2027.
  • Partnership is domestic and does not involve promoter group interests.