CG Power loss widens to nearly Rs 1,600 crore in September quarter
CG Power and Industrial Solutions on Wednesday reported widening of its consolidated net loss to Rs 1,595.21 crore in quarter ended in September 2019, from Rs 101.83 crore loss year ago, mainly due to lower income.
Total income of the company fell to Rs 1,548.50 crore in the second quarter of this fiscal from Rs 2,115.27 crore year ago, according to a BSE filing.
The company’s consolidated net loss also widened to Rs 1,668.81 in April-September this fiscal from Rs 212.09 crore loss in same period year ago, it said.
The company had reported a consolidated net loss of Rs 507.13 crore in 2018-19. Total income of the company in the first half of this fiscal declined to Rs 3,330.87 crore from Rs 3,958.87 crore year ago.
