Tata Technologies has officially announced that it posted a consolidated Q4 net profit of Rs 204.17 crore, which is a 8.1% year-on-year (YoY) increase as compared to the corresponding period of the previous fiscal year, when it had posted a profit of Rs 188.87 crore.
The state government will bear 14 per cent of the project cost, while Tata Technologies will contribute approximately 86 percent, according to the MoU.
Product engineering and digital services company Tata Technologies has been selected as a strategic supplier by Swedish carmaker Volvo, according to a press release issued here on Friday.
Tata Group stocks saw a sharp decline on Monday, losing nearly Rs 90,000 crore in market value amid a global market selloff.
The leading global engineering services company reported operating revenue at Rs 1,296 crore, up 2.1 per cent YoY and 2.2 per cent QoQ.
Global engineering and product development company Tata Technologies on Saturday said that it has cancelled a project worth Rs 1,188.36 crore to develop 36 government ITIs (industrial training institutes) in Chhattisgarh.
