NELITO, ELCOT TO MARKET CASH-HANDLING PRODUCTS IN TN

Article Abstract:

Nelito Systems Ltd - the Rs22 crore joint venture between the Tatas and Itochu of Japan - has tied up with Elcot Electromech Devices Ltd (EEDL) to market cash-handling products in Tamil Nadu. Nelito provides software solutions for bank branch automation. It also has a tie-up with the $1 billion De La Rue of UK to sell cash handling products. Nelito has appointed EEDL - a joint venture with the public sector Elcot - as sole distributor for Tamil Nadu. The bank note and coin processing software and hardware will be supplied by De La Rue. The company expects a turnover of 3 million pound sterling in India's 95 percent cash oriented market. (nr)

Comment:

Nelito Systems Ltd - the Rs22 crore joint venture between the Tatas and Itochu of Japan - has tied up with Elcot Electromech Devices Ltd (EEDL) to market cash-handling products in Tamil Nadu.

India, Alliances, partnerships, Financial software, Nelito Systems Ltd, Elcot Electromech Devices Ltd.

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BPL REFRIGERATION HALVES LOSS AT RS5.17-CRORE

Article Abstract:

BPL Refrigeration Ltd has reduced its loss to Rs5.17 crore for the quarter ended December 31, 1998 (compared to Rs10.65 crore for the quarter ended December 31, 1997). It has registered operational profit of Rs4.17 crore. It posted sales of Rs40.25 crore (Rs45.57 crore). The previous accounting year was for 18 months ended September 30, 1998. (rk)(psr)

United States, Sales, profits & dividends, Refrigeration Equip Whsle, Refrigeration Equipment and Supplies Wholesalers, Refrigeration equipment, HVAC wholesalers, BPL Refrigeration Ltd

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