One Point One Solutions Wins Contract with US-based Telehealth Company

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.

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 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 Adani Total Gas Securing Largest Global Financing:

• Adani Total Gas shares jumped approximately 8% following a strong fund announcement globally.
• The company said that it has arranged for financing to help in supporting its City Gas Distribution business.
• The first amount of the fund is $375 million with $315 million having been committed in the deal while it has an option of raising more funds.
• Five international banks, including BNP Paribas and DBS Bank, appear in the first round of funding.
• Its funds will increase the reach of its distribution network across 34 authorised geographical areas in 13 states, therefore reaching more than 200 million people nationwide in the country of India.

The initial funding of $375 million, arranged with overseas lenders, comprises $315 million in commitments and the ability to raise more funds. Five international banks participated in the first batch of funding, namely BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation.

This funding will allow Adani Total Gas to increase its distribution network across 34 authorised geographical areas in 13 states, affecting over 200 million people or approximately 14% of the population of India. The project has been targeted at expanding the infrastructure for CNG and PNG towards promoting a gas-based economy.

Parag Parikh, CFO of ATGL, in his comments, said, “This financing framework will drive ATGL’s sustained growth and will be a stepping-stone for future financing based on its capital management plan which will create a long-term value for all our stakeholders”.

About Adani Total Gas Limited 

Adani Total Gas is building City Gas Distribution (CGD) Networks that supply Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. City gas distribution networks have been already set up by the company in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh. Furthermore, the Allahabad, Chandigarh, Ernakulam, Panipat, Daman, Dharwad, and Udhamsingh Nagar gas distribution has been awarded to the consortium of Adani Total Gas Ltd and Indian Oil Corporation Ltd.ATGL has been permitted to work in 34 geographical areas and has been playing an important role in the efforts made by the country to enhance the share of natural gas in its energy mix. 

Out of 53 geographical areas, 34 are owned by ATGL and the remaining 19 by Indian Oil-Adani Gas Private Limited (IOAGPL), a 50:50 joint venture with ATGL and Indian Oil Corporation Limited. Additionally, ATGL has established two wholly owned subsidiaries namely, Adani TotalEnergies EMobility Ltd (ATEL) for its E- Mobility and Adani TotalEnergies Biomass Ltd (ATBL) for its biomass business. For its operations of gas meter manufacturing, the company has set up a 50:50 joint venture called Smart Meter Technologies Private Limited.