Neueon Towers Ltd

Key Stats

Day's Price Range
52-Week Price Range
1 Year Return220 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 31
Rank 28
Rank 41
Dividend Yield
Rank 21
Rank 48
Price To Book Ratio
Rank 25
Debt To Asset
Rank 4

Company Information

Sujana Towers Ltd is an Indiabased company. The company is a part of Sujana Group which manufactures galvanized steel towers used in the power transmission and telecom tower sectors. The company is an ISO 9001:2001 certified company among few of their kind in the country and also obtained approvals for supply from PGCIL various State Electricity Boards and BSNL. The companys subsidiaries include Digitech Business Systems Telesuprecon Ltd and Sujana Transmissions Ltd.Sujana Towers Ltd was incorporated on April 06 2006 in Andhra Pradesh by Y S Chowdary G Srinivasa Raju and their associates. The company is formed on demerger of the tower division from Sujana Metal Products Ltd pursuant to the scheme of arrangement and amalgamation. The company was listed with Bombay Stock Exchange with effect from August 21 2007. The Galvanizing process involves several stages for which the company had set up two largescale units at IDA Bollaram Industrial Estate in Hyderabad.During the financial year 200607 the company completed the expansion of galvanized tower facility to 128125 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 200708 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 is having their branches at Blantyre in Malawi Nairobi in Kenya and Lusaka in Zambia for providing infrastructure facilities of both telecom and transmission towers. The company set up a manufacturing plant in Chennai with a capacity of 100000 tonne per annum. The plant would manufacture towers for Central and East Africa markets where they would be assembled.In March 2009 the company plans to diversify into designing customized products like boiler plates piping and other components for specialty projects across the sectors. They created a technological structural fabrications TSF division to handle these projects.
OrganisationNeueon Towers Ltd
HeadquartersSanga Reddy
IndustryCapital Goods - Electrical Equipment