{"id":105295,"date":"2023-07-17T15:15:00","date_gmt":"2023-07-17T09:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105295"},"modified":"2023-07-17T16:01:28","modified_gmt":"2023-07-17T10:31:28","slug":"indias-largest-drug-maker-to-buy-26-stake-in-o2-renewable-energy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/indias-largest-drug-maker-to-buy-26-stake-in-o2-renewable-energy\/","title":{"rendered":"India\u2019s Largest drug maker\u00a0to buy\u00a026 % stake in O2 Renewable Energy"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-718170453\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of one of India&#8217;s largest global pharmaceutical manufacturers gained over 2.6% in early trade on Monday after the company announced an agreement to buy a stake in O2 Renewable Energy IX Private Limited.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3261818543\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Dr Reddy&#8217;s Laboratories Ltd shares were trading at Rs 5,215.85 on the National Stock Exchange at 2:11 p.m., up 2.43 percent.<\/p><p>As per Exchange filings,Dr. Reddy has agreed to purchase a share in the renewable energy business O2 Renewable Energy IX Private Limited through a special purpose vehicle (SPV) with TEQ Green Power XI Pvt Ltd and O2 Power SG Pte Ltd.<\/p><p>This investment is focused on securing consumption and supply of renewable energy through solar and wind power facilities connected to the captive (Inter-State Transmission System) ISTS.In the ratio of 26:74, Dr Reddy and TEQ Green Power XI and\/or its subsidiary will invest in SPV.<\/p><div class=\"trade-content_5\" id=\"trade-1198660639\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Dr. Reddy&#8217;s Laboratories Ltd is a leading India-based pharmaceutical company that offers a portfolio of Active Pharmaceutical Ingredients, generics, biosimilars, and differentiated formulations to both domestic and international clients.<\/p><p>Year to date, the stock has gained 23.25 percent, rising from Rs 4,235.05 to the present price. The stock has risen 20.08 percent in the last six years, from Rs 4,351.75 to the present price.&nbsp;<\/p><p>Revenue increased by 14 percent year on year to Rs 24,669 crore in FY 22-23 from previous year. Net profit climbed by 111 percent within the same time period to Rs 4,470 crore.&nbsp;<\/p><p>In FY 22-23, the company&#8217;s profitability metrics increased, with return on equity at 19.35 percent and return on capital invested at 25.95 percent. At the same time, margins improved, with net profit margin at 18.12 percent and operating margin at 24.94 percent.<\/p><p>As per shareholding pattern for the quarter ending June 2023, promoters own 26.7 percent of the company, while Foreign institutional investors own 27.25 percent and domestic institutional investors own 34.35 percent.<\/p><p><strong>Written by Omkar Chitnis<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-760769495\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-1010012455\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of one of India&#8217;s largest global pharmaceutical manufacturers gained over 2.6% in early trade on Monday after the company announced an agreement to buy a stake in O2 Renewable Energy IX Private Limited. Dr Reddy&#8217;s Laboratories Ltd shares were trading at Rs 5,215.85 on the National Stock Exchange at 2:11 p.m., up 2.43 percent. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18625,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>India\u2019s Largest drug maker\u00a0to buy\u00a026 % stake in O2 Renewable Energy - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of one of India&#039;s largest global pharmaceutical manufacturers gained over 2.6% in early trade on Monday after the company announced an agreement to buy a stake in O2 Renewable Energy IX Private Limited.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/indias-largest-drug-maker-to-buy-26-stake-in-o2-renewable-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Largest drug maker\u00a0to buy\u00a026 % stake in O2 Renewable Energy\" \/>\n<meta property=\"og:description\" content=\"Shares of one of India&#039;s largest global pharmaceutical manufacturers gained over 2.6% in early trade on Monday after the company announced an agreement to buy a stake in O2 Renewable Energy IX Private Limited.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/indias-largest-drug-maker-to-buy-26-stake-in-o2-renewable-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-17T09:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-17T10:31:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Renewable-energy-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Renewable-energy-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/indias-largest-drug-maker-to-buy-26-stake-in-o2-renewable-energy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/indias-largest-drug-maker-to-buy-26-stake-in-o2-renewable-energy\/\",\"name\":\"India\u2019s Largest drug maker\u00a0to buy\u00a026 % stake in O2 Renewable Energy - 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