Nelco Announces Strategic Partnership with Elveo to Expand Direct-to-Device and IoT Connectivity
Nelco Limited, a Tata Group company and one of India’s leading satellite communication service providers, has announced a strategic partnership and investment in Lunar Holdco, Inc., doing business as Elveo Mobile (Elveo). The partnership aims to bring next-generation Direct-to-Device (D2D) satellite connectivity and IoT solutions to India and other South Asian markets.
Nelco announced on August 17, 2026, through a regulatory filing with the BSE and NSE.
Nelco to Bring Elveo Satellite Connectivity to South Asia
Under the strategic partnership, Nelco will work with Elveo to provide connectivity and compute solutions directly from satellites to enterprises and customers across India and South Asian markets.
The solutions are expected to serve a range of industries, including automotive, maritime, energy, infrastructure and government.
Nelco plans to integrate Elveo’s connectivity solutions across its platforms and work with enterprises to develop applications based on next-generation satellite connectivity.
Focus on Direct-to-Device and IoT Connectivity
A key focus of the partnership will be Direct-to-Device (D2D) satellite connectivity, a technology designed to enable communication directly between satellites and compatible devices without relying entirely on conventional terrestrial networks.
The companies believe the technology can help address connectivity gaps and enable enterprise applications such as:
- Automotive telematics
- Fleet and asset tracking
- Infrastructure monitoring
- Remote operations
- Disaster response
- Business continuity
- IoT connectivity
- Mission-critical communications
The partnership is intended to provide reliable connectivity for businesses operating in areas where conventional communication infrastructure may be limited.
Elveo’s Satellite Network
Elveo is developing a next-generation global S-band NGSO satellite network designed to support Direct-to-Device connectivity.
According to the company, its technology is designed to provide satellite connectivity directly to smartphones, IoT devices and machines across different markets.
Elveo’s network also incorporates onboard processing capabilities, which Nelco said could help the network adapt and scale according to evolving customer requirements.
Nelco Sees D2D as a Growth Opportunity
P J Nath, Managing Director and CEO of Nelco, said Direct-to-Device technology represents the next growth wave for the global satellite communications market.
He highlighted Elveo’s satellite network design and onboard processing technology as important capabilities that could open new opportunities for Nelco in India, South Asia and selected international enterprise markets.
The partnership also strengthens Nelco’s focus on next-generation technologies such as D2D and IoT connectivity.
Opportunity Across Multiple Industries
The partnership could potentially expand Nelco’s satellite communication offerings across several enterprise segments.
Industries such as automotive, telecommunications, infrastructure, maritime, energy and government increasingly require reliable connectivity for remote monitoring, tracking and mission-critical applications.
By combining satellite connectivity with IoT and real-time data capabilities, Nelco and Elveo aim to support applications where uninterrupted connectivity is important.
Elveo also expects the partnership to provide opportunities to work with other Tata Group companies globally.
Nelco’s Position in Satellite Communications
Nelco is part of the Tata Group and provides satellite communication services across India.
The company’s services cover several critical segments, including:
- Enterprise
- Government
- Defence
- Maritime
- Aero-IFC
Nelco works with global technology and satellite communication companies to expand its connectivity capabilities and address communication requirements across different terrains and regions.
The company is listed on both the BSE and NSE under the ticker NELCO.
What This Means for Nelco Investors
The Elveo partnership represents a strategic move into the emerging Direct-to-Device satellite connectivity and IoT market.
D2D technology is attracting increasing interest globally because it could enable satellite-based connectivity for smartphones, machines and IoT devices in areas where terrestrial networks are unavailable or unreliable.
For Nelco, the partnership could create new opportunities across enterprise and mission-critical communication markets in India and overseas.
However, investors should note that the company’s announcement includes forward-looking statements. The eventual development and commercialisation of these opportunities will depend on factors including regulatory approvals, spectrum and licensing requirements, satellite deployment, technology development, market conditions and execution of strategic partnerships.
Conclusion
Nelco’s strategic partnership and investment in Elveo marks another step in the company’s efforts to expand beyond traditional satellite communication services and participate in the emerging Direct-to-Device and IoT connectivity market.
With Elveo’s next-generation satellite network and Nelco’s enterprise and satellite communication presence, the partnership could open new opportunities in automotive, infrastructure, government, maritime, energy and other connectivity-intensive industries.
For investors tracking NELCO, the key factors to watch going forward will be regulatory developments, satellite network deployment, commercial customer wins, integration with enterprise applications and the financial contribution from the new D2D and IoT business.
Disclaimer: This article is based on information contained in Nelco Limited’s regulatory disclosure and press release dated August 17, 2026. It is intended for informational purposes only and should not be considered investment advice.