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Nelco, a part of Tata Group, started in 1940 as a electronics company. Nelco offers solutions in areas of VSAT connectivity, Satcom Projectsand Integrated Security & Surveillance Solutions
CRISIL Ratings has placed Nelco's Long Term (CRISIL A) and Short Term (CRISIL A1) bank facilities on 'Watch Developing', revising the outlook from 'Stable'. This stems from Nelco's ~Rs 191 Cr debt-funded investment in Lunar Holdco. CRISIL is evaluating the transaction's impact on Nelco's business and financial risk profile.