wipro, us sec, wipro settles case with us sec, share price, wipro q3
Stewards are seen behind desks with the logo of India's third-largest software services firm Wipro Ltd inside the company's headquarters in Bengaluru, India, October 21, 2016. The Azim Premji-controlled company agreed to pay $5 million to settle a case with the US SEC that was initiated in 2010.Reuters file

India's third-largest IT software services exporter Wipro said that it has bagged a contract to provide energy management services to fine dining operator Speciality Restaurants. The project will be implemented over a five-year period.

Wipro will be implementing its Managed Restaurant Energy Services (MRES) programme at the dining operator's full service restaurants, the company said in a statement.

"We are happy to have been chosen by Speciality Restaurants as their energy management partner and are confident that we can help them set new energy saving benchmarks, reduce operating expenditure and enhance end-customer experience," Syed Mansoor Ahmad, Vice President and Head – Wipro EcoEnergy, said.

"We are delighted to partner with Wipro for this energy management initiative. Currently, we have rolled out the Wipro Managed Restaurant Energy Services (MRES) program across 12 of our restaurants with positive results," Indraneil Palit, Executive Director (Project, Business Development & Strategic Planning) Speciality Restaurants Ltd., said.

Speciality Restaurants owns 107 restaurants and some of the restaurant brands include like Mainland China, Flame & Grill, Machaan, Oh! Calcutta, Sigree and Haka.

For the quarter ended September 30, 2016, Kolkata-based Speciality Restaurants incurred net loss of Rs 5.81 crore on total income of Rs 78.60 crore. It will declared its Q2 results on November 9.

The share price of the company closed at Rs 89.15 on Friday on the Bombay Stock Exchange (BSE), close to its 52-week low of Rs 80.

Wipro shares closed at Rs 461.70 apiece on the BSE. The company had declared weak Q2 results on October 21, triggering a fall in its share price since October 24.