CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals.  Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue.  We also offer solutions that can help ease private company financial risk assessment.  Leading corporations around the world – including more than 35% of the Fortune 1000, plus thousands more worldwide – rely on us to help them stay ahead of financial risk quickly, accurately and cost-effectively. 

A partial report preview for Neueon Towers Ltd is shown below.  Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database.  To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

If you are already a subscriber and want to access the full report, click here.

Neueon Towers Ltd
Plot No:18, Nagarjuna Hills, Punjagutta
Phone: +91 4023351882p:+91 4023351882 HYDERABAD, 500082  India Ticker: NTLNTL
Filed for Bankruptcy on 10/14/2021
On 6/3/2019, The National Company Law Tribunal (NCLT), Hyderabad Bench initiated a Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016 pursuant to an Insolvency petition filed against against Neueon Towers Ltd. by its financial creditor, IDBI Bank Ltd.
On 10/14/2021, the National Company Law Tribunal, Hyderabad Bench, rejected Neueon Towers Ltd's Corporate Insolvency Resolution Plan and ordered the Company Liquidated.
Business Summary
Neueon Towers Limited is an India-based company, which is engaged in manufacturing and is operating in various areas/ verticals/products related to towers and transmission, TSF and specialty structural steel manufacturing business. The Company operates through the Power and Telecom Tower segment. It offers end-to-end solutions for transmission towers, telecom towers and substation structures. It provides support on technological structures fabrication. It helps telecom service providers (TSPS) with start-to-finish project support services. It provides support on engineering, procurement and construction (EPC) projects, especially for transmission line projects. The Company undertakes transmission projects, that includes design, solutions and consulting services. It produces galvanized TMT and epoxy-coated TMT products as per the client specifications. The Company provides re-rolling facilities that help in tower fabrication as per customer specifications.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/20233/31/2021Yes----

Industries
SIC Code Description
1623 Water, sewer, pipeline, and communications and power line construction
3312 Steel works, blast furnaces (including coke ovens), and rolling mills

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Non-Executive Independent Chairman of the Board M. V. BhaskaraRao 8/28/2014 9/3/2007
Chief Financial Officer N. C.Krishna 1/1/2011 1/1/2011
Managing Director, Director G. SrinivasaRaju 5/28/2015 4/6/2006
5 additional Officers and Directors records available in full report.

Business Names
Business Name
NTL
Sujana Towers Limited.
SUJANATWR
Telesuprecon Ltd

General Information
Number of Employees: 139 (As of 3/31/2015)
Outstanding Shares: 57,812,900 (As of 9/30/2023)
Shareholders: 22,554
Stock Exchange: NSE
Fax Number: +91 4023358499


Copyright © 2024 CreditRiskMonitor.com (Ticker: CRMZ). All rights reserved.     
By using this website, you accept the Terms of Use Agreement.
Friday, April 5, 2024