Yes. As of October 2026, Neueon Towers Ltd (NTL.NS) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Neueon Towers Ltd passes Musaffa's business and financial screening criteria.
Neueon Towers Ltd. engages in manufacture, sale, and trading of iron and steel products. The company is headquartered in Hyderabad, Telangana. The company went IPO on 2008-10-13. The firm has an installed capacity of 1,20,000 tons to manufacture structural steel which is primarily used to manufacture galvanized tower parts. The installed capacity to manufacture galvanized steel towers is 6,00,000 tons per annum, which caters to the requirements of towers for the telecom industry and towers for power transmission. The company executes projects on a turnkey / partial turnkey basis, which includes survey, engineering and design, civil works, electrical works, equipments installation and commissioning. The firm also executes projects on a turnkey / partial turnkey basis which includes, survey, engineering and design, permissions, laying of duct/cable, jointing, testing and commissioning, both fiber and copper. The company also supplies customized LT Switch gears, HT & LT panels, including lying of cable, terminations, installation and commissioning.
Neueon Towers Ltd NTL.NS
₹14.44
Last Updated: Mar 10, 12:00 AM·NSE
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NTL.NS Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Neueon Towers Ltd is classified as halal.
HALAL
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FAQ's for Neueon Towers Ltd (NTL.NS)
As of October 2026, Neueon Towers Ltd NTL.NS is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Neueon Towers Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Neueon Towers Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Neueon Towers Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Neueon Towers Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Neueon Towers Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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