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TANLA PLATFORMS LIMITED — Earnings Release 2024
Jul 21, 2023
61461_rns_2023-07-21_0c87f09b-b5a6-48be-b64a-900755278189.pdf
Earnings Release
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Tanla Platforms Limited T: +91-40-40099999 (Formerly known as Tanla Solutions Limited) [email protected] Tanla Technology Center www.tanla.com Hi-tech city Road, Madhapur, Hyderabad, India - 500081 CIN: L72200TG1995PLC021262
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Date: July 21, 2023
To,
| BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 ScripCode:532790 |
National Stock Exchange of India Ltd. “Exchange Plaza” Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Symbol:TANLA |
|
|---|---|---|
Dear Madam/Sir,
Sub: Newspaper Publication- Q1 FY 2023-24
Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the newspaper publication, dated July 21, 2023, publishing Un-Audited Financial Results of the Company, for the quarter ended June 30, 2023.
Request you to take the same on record and oblige.
Thanking you,
Yours faithfully,
For Tanla Platforms Limited
SESHANURADHA Digitally signed by SESHANURADHA CHAVA CHAVA Date: 2023.07.21 14:51:43 +05'30' Seshanuradha Chava General Counsel and Company Secretary ACS-15519
Encl: as above.
HYDERABAD businessline. FRIDAY JULY 21 2023
news[. ] bl[.] 3
Crude oil imports from Russia may remain subdued for now
Vehicle, industrial activity to drive oil demandin 2023
QUICKLY.
‘Japan to invest 5trillion yen in India’
Demand for transporta Rishi Ranjan Kala tion fuels also fell mom in New Delhi June following a high base achieved in May. Yearon are saddled with over $2 bil India’s rising industrial and year (yoy), the demand was lion in Indian currency, construction activity, up by 187,000 b/d, or 4 per which they are unable to coupled with a growing de cent, it added. utilise. Besides, it’s becom mand for auto fuels from the PPAC data show that diesel ing difficult for Indian re logistics, travel and tourism demand dropped by 1 per finers to make payments in sectors, is likely to further cent mom, but remained 3 US dollars. propel oil demand in 2023. per cent compared to a year Asked if currency issues “Overall, India’s oil de ago, and 6 per cent higher can impact relationships, mand is expected to grow by than in June 2019. Pavlov said: “In my view, this 246,000 barrels per day (b/d) “Demand growth for gasoil looks like a minor issue. in 2023, revised higher by due to monsoon,” Zhuwei ad since March 2023 can be at After all, there have been 14,000 b/d from last month ded. tributed to several factors, in even more serious concerns due to robust gasoil/ gasoline India’s oil demand in 2023 cluding a rise in construction, at the beginning of this part demand being reported,” is expected to be 7 per cent industrial, and agricultural nership and they have been S&P Global Commodity In higher than in 2019, and this activities, as well as the need overcome rather swiftly.” sights Oil Analyst Wang Zhu may be about 11 per cent for power generation and in As long as there is a funda wei said. higher in 2024, he projected. dustrial purposes,” Zhuwei mental drive behind certain However, the delay in the Moreover, gasoline de added. commodity flow, currency start of HPCLMittal En mand rebounded beyond pre In June, kerosene/ jet fuel issues becomes secondary. ergy’s 1.2 million tonnes per Covid levels in 2021 and is ex demand remained the same One option might be UAD, annum (mtpa) naphthafed pected to be about 24 per cent as in May, at 183,000 b/d. Ac which technically is not steam cracker at the Bathinda higher in 2023 than in 2019. cording to AirNav Radar Box, USD, although it is pegged to refinery in northern Punjab is Gasoil demand is expected to the number of domestic it, so it helps Russia save face likely to pull down naphtha be nearly 9 per cent above flights in June were 4 per and gives India an opportun supply, he added. preCovid levels this year, but centage points lower than in ity to continue operations as “Middle distillates, gasoil, kerosene/jet fuel demand will the previous month, but up usual, he explained. and kerosene/jet fuel com remain about 20 per cent by 3 percentage points on the However, this issue is bined will account for 65 per lower than 2019 levels. year. likely to be resolved as India cent of the demand growth, International travel was 2 and the UAE have decided to with gasoline and naphtha RAINS SKEW DEMAND per cent less than in May, but start trade settlement in both contributing. Oil de India’s demand for oil 21 per cent higher than in the their currencies and link mand is holding up quite well products fell by 40,000 b/d previous year. Despite the their fast payment systems and should continue rising, monthonmonth (mom) in summer travel demand, the to make international finan supported by solid economic June, mainly due to a drop in pickup in jet fuel demand re cial interactions simpler. growth with more focus on demand for naphtha and mains slower than expected. The pact was signed dur industrial and construction transportation fuels with the Flight data for early July also ing Prime Minister Naren activity; however, the third onset of monsoon, S&P points to similar numbers m dra Modi’s visit to the Arab quarter (JulySeptember) is Global Commodity Insights om for both domestic and in country last week. expected to see a seasonal dip said. ternational sectors, he said.
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BARREL BASICS. Russia’s domestic needs, seasonality seen as contributing factors
Rishi Ranjan Kala
New Delhi
New Delhi: Japan is keen to make Crude oil imports from Rus investments of around 5 trillion sia are expected to remain Japanese yen in India across subdued during the summer various sectors including steel, months as domestic refiner Union Minister, Jyotiraditya ies undergo maintenance Scindia, said on Thursday. The even as the erstwhile Soviet steel minister made the remarks Union is curbing exports to after a meeting with a Japanese increase production of gas delegation led by Nishimura oline for meeting domestic Yasutoshi, Minister of Economy, demand. Trade and Industry of Japan, in According to Kpler, Rus the national capital. PTI sia’s largest seaborne crude TURNING TO OLD ALLIES. Though India has increased offtake oil buyer imported 1.66 mil from the US and the Middle East, it is not feasible for Russia to trim lion barrels per day (mb/d) its exports to the country in any meaningful form, experts say of crude oil in June, down 26 TRAI moots statutory per cent mom from 2.23 authority for responsible AI mb/d in May 2023. shortages across Russia ing barrels from Russia lead When asked whether im start to push domestic ing to India turning towards ports going ahead would be prices high. Beyond the sum the US and Middle East, New Delhi: The Telecom subdued, Kpler’s Lead Ana mer season, we see little Pavlov said: “Difficult to see Regulatory Authority of India lyst (Dirty Products and Re reason for Russian crude ex it. At this stage, India is Rus (TRAI) has called for fining) Andon Pavlov told ports to suffer; in fact, we are sia’s second largest export establishing an independent businessline, “To a degree, not yet fully convinced that market for crude, so it is not statutory authority for yes. There is also the factor there will be a fullfledged feasible for Russia to trim ensuring the development of of seasonality of Indian re decline in Russian crude exports in any meaningful responsible AI and regulation finery runs (in light of the supply, beyond some cos form for the foreseeable of use cases in India. On monsoon season) that will metic shaveoffs.” future.” Thursday, the regulator probably keep imports in As Russian supplies to In released recommendations on check over the rest of dia slows down, the world’s PAYMENT PAIN “Leveraging artificial summer.” third largest energy guzzler Several analysts have poin intelligence and big data in He added: “The story is increasing cargoes from ted to the currency issue as telecommunication sector”, in around Russian crude ex the US and its traditional Russia’s Ural grade has which it has called for an port reductions is more re trading partner, the Middle already surpassed the G7 urgent need to adopt a lated to rising domestic East, trade sources said. price cap of $60 per barrel. regulatory framework. OUR BUREAU crude intake, as gasoline When asked about declin They said that Russians
Peak power demand hours have shifted to daytime, says CEA chief
‘India, Germany must step upcooperation to reduce over dependence on China’
distribution companies (dis While it would be difficult Our Bureau M Ramesh coms) should do “resource to decouple from China, but New Delhi Chennai adequacy mapping”, to assess derisking, diversification is
the demand for storage in the of highest importance, he
coming years. Alongside, the German ViceChancellor said. India’s peak power demand state and regional load des and Minister of Economic Diversification, he said hours have shifted from even patch centres, would do a sim Affairs and Climate Action, means that other partner ing to day time, according to ilar assessment exercise for Robert Habeck, said on ships, the IndoGerman Ghanshyam Prasad, Chairper one year. This would give a Thursday that India and partnership and other ones son, Central Electricity Au precise idea about the extent Germany have a mutual in as well, become more and thority (CEA). of storage capacity required. terest in strengthening co more important. The highest demand for On its part, the CEA be operation, bringing in more “And my understanding this year, 223 GW (of capacity lieves that the storage re investments and bringing BOOSTING TIES. External Affairs Minister S Jaishankar with also from the talks I had pressed into service, which FEEDER SEPARATION. Use of separate cables to carry power quirement will jump up from more companies together to German ViceChancellor Robert Habeck in New Delhi PTI with the Indian partners is occurred on June 9) happened from solar plants to farms has enabled shifting of agriculture load 202627 onwards. Accord ensure that there is no over that this goes the same for at 3 pm, Prasad said, while ingly, the CEA is trying to dependence on China. India. So there’s a mutual speaking at an event on en align its demand projection Habeck, in an interaction bai and Goa. Answering India and the US, for ex interest from the German ergy storage organised as part separation’ exercise, under However, there is still de for storage to the demand pro with the media on the side questions on China, Habeck ample. On the other hand, side, from the Indian side to of the 14[th] Clean Energy Min which separate cables carry mand for green power during jections for transmission. For lines of a business event in said relationship with the we see that being dependent strengthen our cooperation, isterial Conference currently power from solar plants to ag nonsolar hours — that is example, in Ladakh, the plan Delhi, said he is in India to country was a complicated on only one market could be bringing more companies underway here. ricultural farms. Because of where energy storage has a is to build 13 GW of solar ca discuss economic matters, one. risk, and even more so if we together, bringing more in Peak power demand in feeder separation, the agricul play, he said. pacity, but the transmission energy matters related to “China is our biggest see that economic issues are vestments, creating your June may not touch projected ture load has shifted to day infrastructure would be only sanctions and renewables. trading partner. So, a lot of not politically neutral, and common trade sphere so 229GW mark Later, speaking time, during solar hours, ‘ADEQUACY MAPPING’ for 5 GW — the rest would be The ViceChancellor is companies have invested in that interests are inter that we are being not too to businessline , he said this was “which is very, very good” he The CEA had recently man handled by storage, Prasad on a threeday India visit China. It’s a huge market. woven in the economic rela dependent on only one made possible by the ‘feeder said. dated that all the electricity said. and will also travel to Mum And this goes the same for tions,” he said. country,” he said.
‘Investment in renewable energy is concentrated in developing countries’
Rebidding of PLI to boost battery cell production announced
Press Trust of India New Delhi
Press Trust of India New Delhi Panaji The government on Thursday While huge amount of in announced the rebidding of vestment is occurring in the production linked incentives renewable energy sector, a for 20 GWh Advanced Chem large proportion of it goes to istry Cell manufacturing — In developing countries and dia’s ₹18,100crore pro the rest of the world get gramme to boost local battery hardly any fund, Ajay Ma cell production. thur, Director General of In Ajay Mathur, Director General The Ministry of Heavy In ternational Solar Alliance, of International Solar Alliance dustries (MHI) will facilitate a said on Thursday. stakeholder consultation with Talking to PTI at the side industry representatives on lines of an event during G20 “large amount of solar oc July 24, 2023 for their inputs fourth Energy Transitions curring particularly as large and suggestions before the Working Group meeting, solar farms and not as small start of the rebidding process Mathur said that the net solar across the world, of remaining 20 GWh capacity. zero emission target is where it effects common “The ministry is committed possible. people.” to finalise the bidding docu “We see a huge amount of He said that the challenge ments and proceeding with investment occurring in re is that the solar energy goes the rebidding process at the newable energy in general in the small application sec earliest,” an official statement and solar in particular. In tor as well. said. 2022, the investment in re Without naming any With this, the prospective newable area was approxim country, Mathur said that applicants can submit their ately 500 billion dollars of the problem is also that bids to set up domestic manu which half was in the solar,” there is huge concentration facturing facility for advanced he said. of production capacity in chemistry cell, which will help one country. them qualify for incentives un SECTORAL CHALLENGES “We need to work to re der ACC PLI scheme. Mathur said, “The problem duce supply chain con ACCs are the new genera is that the vast amount of straints by geographical di tion of advanced storage tech this money went to the versification,” he added. nologies that can store electric countries like China and Mathur said that renew energy either as electrochem large emerging developing able energy can get the ical or as chemical energy and countries while rest of the world towards net zero convert it back to electric en world, hardly got anything.” emission goals. ergy as and when required. He said that the investment “I think we are at the These have major applica in Africa (African continent) stage globally where renew tions in the electric vehicles, for example was less than 5 ables are most effective maintaining grid stability, per cent. Mathur said that costeffective electricity solar rooftop, consumer elec the investment is “ex solution. I am looking for tronics etc. With India’s com tremely differentiated, it is ward to price of batteries mitment towards renewable not universal.” falling in next 23 years so energy and achieving netzero Speaking about the chal that the solar plus battery by 2070, energy storage is ex lenges faced by the solar en becomes the electricity pected to play a crucial role in ergy sector, Mathur said the source of choice,” he said. the overall energy ecosystem.
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