Mumbai-based Rolta, today said that it has been awarded a multi-million dollar contract from Sadara Chemical Company (Sadara) to implement a comprehensive engineering system at its complex which will be the world’s largest petrochemical facility
Rolta, provider of IT consulting, solutions and services, today announced the acquisition of AT Solutions Group, the parent of AdvizeX Technologies for $32 million (around Rs 175 crore), including escrows and earn-outs.
Rolta India has soared almost 5% at Rs 79.40 after the IT software services firm said that it has redeemed the outstanding foreign currency convertible bonds (FCCB), amounting of $134.7 million including redemption premium of $38 million on the due date.
Software services firm Rolta India on Monday posted a 33 per cent rise in September quarter profit, surpassing analysts' expectations, helped by investments in intellectual property and a sharp rise in revenue from enterprise IT solutions.
Rolta India Ltd expects to grow by more than 15 per cent in fiscal 2012, as the licenses signed this year start bringing in revenue as the IT firm taps opportunities in a resurgent domestic market, its chief financial officer said.
Market rumours On Tuesday pulled down the stock of Rolta, a Mumbai-based software services firm, by almost 60 per cent during intra-day trading. However, the stock recovered later and ended the day at Rs 87.10, down 17.75 per cent.