Inox Wind: The company said its subsidiary Inox Green Energy Services sold its entire equity shareholding held in Wind One Renergy, Wind Three Renergy and Wind Five Renergy, to Adani Green Energy. All three special purpose vehicles successfully commissioned 50 MW each of Solar Energy Corporation of India (SECI) Tranche 1 in 2019. Inox Wind had won 250 MW under the Tranche 1 of Solar Energy Corporation of India’s (SECI -1) bids for wind power projects at Dayapar, Gujarat connected to the central grid, at a fixed tariff of Rs 3.46 per unit for 25 years for sale to PTC India.
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Tata Consultancy Services (TCS): The IT company reported a 10% sequential growth in consolidated profits at Rs 10,431 crore for the second quarter of FY23, with profitable growth across all industry verticals and in all major markets. Consolidated revenue grew by 4.8% sequentially (up 18% year on year) to Rs 55,309 crore, driven by efficient execution, with dollar revenue rising 1.4% and constant currency revenue growth at 4% for the quarter. The order book remained strong at $8.1 billion, though slightly down compared to $8.2 billion in the previous quarter.
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JTL Infra: The stock will be in the limelight as the company recorded a 56.5% growth year-on-year in consolidated profit at Rs 20.27 crore for the second quarter of FY23, backed by strong operating performance. Consolidated revenue for the quarter grew by 14% year on year to Rs 299.9 crore.
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RateGain Travel Technologies: Investor Wagner exited the company by selling the entire 57.04 lakh equity shares or 5.28% shareholding in the company in open market transactions on October 6. However, Nippon Life India Trustee acquired additional 4.89% equity in RateGain between December 9, 2021 and October 6, 2022, taking total shareholding to 8.75%.
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Panacea Biotec: The company has received long-term supply orders of around Rs 1,040 crore from UNICEF and the Pan American Health Organization (PAHO). The firm will supply WHO pre-qualified fully liquid Pentavalent vaccine, Easyfive-TT (DTwP-HepB-Hib). UNICEF order is worth $98.755 million (Rs 813 crore) for the supply of 99.70 million doses during calendar years 2023-2027 and the PAHO award is worth $28.55 million (Rs 235 crore) for the supply of 24.83 million doses during calendar years 2023-2025.