State-run engineering firm BHEL’s consolidated net loss widened to Rs 893.14 crore for the quarter ended June as coronavirus-induced lockdown had an adverse impact on its operations.
The consolidated net loss of the company was at Rs 218.93 crore in the quarter ended June 30, 2019, Bharat Heavy Electricals Limited (BHEL) said in a regulatory filing.
According to the statement, total income of the company stood at Rs 2,086.43 crore in the June quarter this year. BHEL had posted a total income of Rs 4,673.38 crore in the year-ago period.
It stated that the group’s operations and financial results for the quarter have been very adversely impacted by the lockdown imposed to contain the spread of COVID-19.
