Nelco Share Price in Focus; Partners with Elveo for Direct-to-Device and IoT Connectivity

Nelco Ltd. has announced a strategic partnership and investment in Lunar Holdco Inc., which operates as Elveo Mobile, a company working on satellite-based Direct-to-Device (D2D) connectivity, as per the exchange filings. 

Through the partnership, Nelco plans to bring connectivity and computing services directly from Elveo's satellites to customers in India and other South Asian markets.  

Connectivity for Automotive, Maritime and Other Sectors 

The partnership will cover sectors such as automotive, maritime, energy and government. 

Nelco and Elveo plan to use the connectivity for areas including vehicle telematics, fleet and asset tracking, infrastructure monitoring, remote operations, disaster response and business continuity.  

Elveo to Provide Satellite-Based D2D Network 

Elveo is developing a global S-band NGSO satellite network for Direct-to-Device services. Its network is designed to provide connectivity directly from satellites to smartphones, IoT devices and machines. 

Nelco will work with enterprises to integrate these services into its existing platforms and offerings.  

Partnership to Expand Enterprise Connectivity 

Nelco said the partnership will help it offer D2D and IoT connectivity to more enterprise customers. The company also sees opportunities to take these services into other South Asian markets and, for some enterprise segments, international markets.  

Read More: Hexaware Technologies Share Price in Focus; Introduces Zero Friction Enterprise Framework! 

Nelco Share Price Performance 

As of August 18, 2026, at 11:32 AM, Nelco share price was trading at ₹962.90 per share, reflecting a decline of 10.97% from the previous trading session. 

Conclusion 

Nelco has added Direct-to-Device and IoT connectivity to its partnership portfolio through its deal with Elveo. The two companies will focus on enterprise uses such as tracking, remote operations and infrastructure monitoring across India and South Asian markets.  

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