Paytm’s parent company One 97 Communications has appointed Manarview Developers, a subsidiary of Adani Infrastructure, as the EPC Contractor for IT/ITES Complex in Noida. The company has appointed this subsidiary for the development of IT/ITES facilities of 10 acres (40,000 square meters) on a plot located in Sector 159, Noida. This property was allotted to Paytm’s parent company by Noida Authority in March 2018.
800 crore rupees project
The Board of One 97 Communications Limited has approved the appointment of Manarview Developers Private Limited (MDPL), a subsidiary of Adani Infrastructure and Developers Private Limited as an engineering, purchase and construction ie EPC Contractor for this project. The estimate of this entire project is being said to be Rs 800 crore. The deadline of this entire project is being told 5 years. The company had earlier proposed a Joint Development Agreement JDA with ACE Builders and Promoters Private Limited, which could not be carried forward according to the rules and sub -rules of Noida.
Fabulous quarterly results
Earlier, quarterly results were released by the company. One 97 Communications, the company that operates Paytm, has recorded its first integrated net profit of Rs 122.5 crore in the first quarter of the current financial year. The company had a net loss of Rs 840 crore in the same quarter of a year ago. The company on Tuesday informed the stock market about the financial results of the April-June 2025 quarter. In this quarter, the company’s integrated operating revenue increased by about 28 percent to Rs 1,917.5 crore. Its revenue was Rs 1,501.6 crore in the April-June 2024 quarter.
Company shares increase
Paytm’s parent company One 97 Communications shares saw a tremendous increase on Tuesday. According to BSE data, the company’s shares rose by 3.37 per cent to close at Rs 1052.60. During the business session, the company’s shares also reached the day high with Rs 1,060. Whereas this morning, the company’s shares were opened at Rs 1020.30 with a slight rise. Whereas on Monday, the company’s stock closed at Rs 1018.25. Currently, the company’s market cap has seen 67,186.39 crore rupees.