JSW Infra Takes Delivery of New Dredger to Support Expansion Plans

Key takeaways from JSW Infrastructure New Dredger Delivery:

• JSW Infrastructure received a brand-new high-tech dredger delivery from IHC Dredging, Netherlands.
• It is set against the backdrop of the company's FY2030 growth plan increasing capacity to 400 MTPA from 170 MTPA.
• This is the second dredger acquired by the company.
• This dredger is intended for service to new greenfields as well as brownfield expansion projects.

The investment in the second dredger is in line with the company’s financial year 2030 growth in capacity to 400 Million Tonnes Per Annum (MTPA) from 170 MTPA.

This dredger will enable the company to carry out greenfield and brownfield expansion projects within various ports operated by the company.

About JSW Infrastructure Limited:

JSW Infrastructure Limited is India's principal private port operator and a subsidiary of the JSW Group. The company operates ten strategically located concessions on both the west and the east coasts of India. It also has an international footprint with a liquid tank storage terminal at Fujairah, UAE, with a capacity of 465,000 cubic metres. All types of cargo and vessels, even up to Cape size, may be accommodated at its ports and terminals, with a highly mechanised cargo-handling system to ensure fast turnaround and optimum resource usage. Its strategic location makes it the preferred choice for its customers.

JSW Infrastructure plans to profile and end-to-end logistics support will add value to the firm's market position. JSW Infrastructure has agreed towards better ESG performance through alignment of policies and practices with international standards. The company has a presence in a variety of sectors such as steel, energy, infrastructure, cement, sports, and venture capital.

Key Takeaways from the IPO Filing

• NTPC Green Energy Limited has filed its Draft Red Herring Prospectus for an upcoming IPO.
• The IPO will involve a fresh issue of equity shares, aggregating up to ₹10,000 crore.
• The IPO includes a reserved portion for eligible NTPC Limited shareholders and employees of NTPC and its subsidiaries.

As per a stock exchange filing, the initial public offering, or IPO, is going to be launched, subject to market conditions and other regulatory approvals, and will consist of a fresh issue of equity shares with a face value of Rs 10 each, aggregating up to ₹10,000 crore. As per SEBI requirements, the IPO will also have reservations for eligible shareholders of NTPC Limited and eligible employees of NTPC, NGEL, and its subsidiaries.

This move by NGEL represents a major step forward in their expansion ambitions as NTPC's green energy arm seeks to raise funds and strengthen its position in India's renewable energy sector. This offering provides NTPC shareholders and employees an exclusive opportunity to participate in the NGEL growth model.

Details concerning the IPO process, including pricing and timing, will be disclosed after regulatory approvals are received. 

About NTPC Green Energy Limited

NTPC Green Energy Limited (NGEL), a subsidiary of the Indian state-owned power generation company NTPC Limited, was established in 2022. Its primary focus is on developing and operating renewable energy projects, primarily in the solar and wind power sectors.

NGEL's mission is to contribute to India's clean energy transition by generating renewable electricity and reducing carbon emissions. The company aims to expand its renewable energy portfolio through a combination of new project developments and strategic acquisitions.

Currently, NGEL has several renewable energy projects under development and operation across India. These projects involve the construction and management of solar and wind power plants, which generate electricity and contribute to the country's renewable energy capacity.

Key Takeaways from Revathi Equipments Financial Performance:

• Revathi Equipments has reported a net profit of Rs 7.94 crore during Q1 June 2024, which is 412.26% up from Rs 1.55 crore posted during Q1 June 2023.
• Revenue from operations went up by as much as 165.73% to Rs 52.03 crore in Q1 June 2024, as against Rs 19.58 crore reported during Q1 June 2023.
• EBITDA jumped to Rs 8.69 crore. This is compared to a year-on-year growth of 274.57% from Rs 2.32 crore in Q1 June 2023.
• The EBITDA margin expanded to 16.7% in Q1 June 2024.

Revenue from operations of Revathi Equipments rose 165.73% to Rs 52.03 Crore in the first quarter ended June 2024  against Rs 19.58 crore during the previous quarter ended June 2023.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 274.57% year-on-year to 8.69 Crore in the quarter ended June 2024 compared to 2.32 Crore it reported in the previous quarter ended June 2023. Furthermore, the company’s EBITDA margin expanded to 16.7% in the quarter ended June 2024.

 About Revathi Equipments Limited:

Revathi Equipments Limited (REL) was established in 1977 and is one of the few manufacturers that have produced both blast hole and water well drills used in various applications including mining, construction, and exploration. REL boasts of four decades of excellence history having sold over 1,000 drilling rigs across the globe and is certified as ISO 9001:2008. REL is said to produce custom designs in line with the specific requirements of a customer, and it also possesses strong engineering capabilities in addition to developing relationships with vendors. Apart from this, the company has concentrated on strong after-sales service. REL operates as part of the Renaissance Group, which is listed on the BSE and NSE stock exchanges.

Key Takeaways from One Point One Solution Contract Win:

• One Point One Solutions has won a prime contract with an Atlanta-based telehealth company, thereby furthering its firm's reach in the burgeoning healthcare sector.
• The solution and data validation services will be provided to the telehealth company under the partnership for contact centre solutions.
• The partnership will augment One Point One Solutions' healthcare portfolio and has it very well positioned for some upcoming industry events, most notably the Mass Tort conference in Las Vegas.
• The telehealth provider offers a platform connecting the service providers with clients in a bid to make virtual appointments better accessible for both parties and create coherent communication between both ends.
• Electronic medical records, practice management software and payroll management systems are some of the integrated solutions provided by the company, apart from telehealth services.

Under the deal, One Point One Solutions will deliver contact centre solutions along with data validation services to the telehealth company. This engagement is apt to strengthen the healthcare vertical of the portfolio of One Point One Solutions and give the company an excellent entry at the forthcoming events of the industry, particularly in the Mass Tort conference scheduled in Las Vegas.

The telehealth company offers a comprehensive platform that streamlines the process of telemedicine, connecting healthcare providers with patients around the globe. It increases accessibility to health care as it ensures that services previously limited to physical visits can now be accessed virtually, test results are delivered instantly, lab assignments are tracked effectively, and allows effective communication between healthcare professionals and patients.

Besides telehealth, the company also offers more integrated solutions including electronic medical records, practice management software, and payroll management systems. Such customised options help address the diversified needs of healthcare providers while ensuring high-quality patient care with operationally efficient optimisation.

About One Point One Solution Limited:

One Point One Solutions Limited is a leading Business Process Management (BPM) company, founded in 2006. The firm provides a range of technology, accounting, skill development, and analytical solutions to enhance business capabilities and ensure easy growth. The company has its service centres in Navi Mumbai, Gurgaon, Chennai, Bangalore, and Indore having over 5,500 seats per shift. One Point One Solutions caters to industries from telecom to retail, banking, finance, and insurance. Their services include customer care, lead generation, content management, and predictive analytics. The firm was founded by Akshay Chhabra and focuses on technology-driven innovation in order to improve efficiency in the BPM space. One Point One Solutions became a publicly traded firm in 2017 and boasts over 40 A-list clients, among which are SBI Cards, SBI Life, Godrej Appliance, and ICICI Bank.