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ISIN No
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INE333I01044
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BSE Code / NSE Code
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532887 / NEUEON
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Book Value (Rs.)
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14.91
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Face Value
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1.00
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Bookclosure
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31/12/2024
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52Week High
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27
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EPS
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0.00
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P/E
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0.00
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Market Cap.
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1118.45 Cr.
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52Week Low
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6
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P/BV / Div Yield (%)
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1.33 / 0.00
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Market Lot
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1.00
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Security Type
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Other
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The company history sections lists out major chronological events that happened to the company.
| Sujana Towers Limited was originally incorporated on April 6, 2006 under the Companies Act, 1956 in the State of Andhra Pradesh under certificate of incorporation No.01-49743 of 2006 - 2007. Sujana Towers Limited was incorporated for the purpose of demerger of Towers Division of Sujana Metal Products Limited situated in Bollaram, Medak District, Andhra Pradesh having installed capacity of 1,28,125 TPA after expansion. The demerger was completed through a Scheme of Arrangement pursuant to the provisions of Sections 391 to 394 of the Companies Act, 1956 and Clause 24(f) of the Listing Agreement entered into with the Bombay Stock Exchange Limited.
We are driven by a corporate commitment is to be as responsive as possible to customer needs, through a process of continuous improvement. Not surprisingly therefore, we have - over the last 4 years - built infrastructure that fulfils the requirements of the telecom and power industries with the highest grades of galvanized value-added products.
Our structural steel manufacturing unit is ISO 9001:2000 certified, among few of its kind in the country.
To impart strength, longevity and resistance against atmospheric damage and peeling, our towers are galvanized. The Galvanizing process involves several stages for which we have set up two large-scale units at IDA Bollaram Industrial Estate , Hyderabad , to emerge as India 's largest galvanized steel tower manufacturing company. Sophisticated equipments are pressed into use for:
1. Pickling : The structural steel is dipped in hydro-chloric acid to remove rust and carbon
2 Rinsing : The product is rinsed in water to remove the acid
3.Fluxing : The resultant product is then dipped in the flux (Ammonium Chloride + Zinc Chloride)
4. Pre-heating : The product to be sent through heating chamber to remove the moisture
5.Galvanizing : The demoisturised product is dipped in the zinc tank for galvanizing
6.Quenching & Dichromating : The galvanized steel is dipped in the water tank to allow cooling of the coated structural steel
To fabricate the towers so clients receive ready-to-erect structures, we deploy specialised machinery for punching, notching, shearing and grinding of the structural steel.
2009
- Sujana Towers Ltd has appointed Shri. Y Kamesh as Managing Director (MD) of the Company
2010
- Sujana Towers has bagged three orders for the supply of transmission line towers, valued at Rs.148.38 crore, by SPIC SMO and SEW Infrastructure. These towers would be used in transmission lines being constructed by them for Power Grid Corporation (PGCIL) and UP Vidyut Vitaran Nigam. Supplies are to be completed in the next nine months.
2011
-Company has splits its Face value of Shares from Rs 5 to Re 1
2013
-Sujana Towers has Consolidates its Face value from Rs 1/- to 10/-
2014
-The company appointed Shri M. V. Bhaskara Rao as Independent and Non-Executive Chairman of the Board of Directors of the Company. 2016
-Sujana Towers Ltd hasapproved the name change of the Company from "Sujana Towers Limited" to "Neueon Towers Limited"
2025 -The Company name has changed from Neueon Towers Ltd. to Neueon Corporation Ltd.
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