CG Power tanks 15% as net loss widens in December quarter
Shares of CG Power and Industrial Solutions have declined 15 per cent to Rs 28.60 apiece, also their 52-week low on the BSE, after the company reported a consolidated net loss of Rs 150 crore in December 2018 quarter (Q3FY19). The performance impacted mainly on account of an exceptional loss of Rs 117 crore.
The Gautam Thapar-led Avantha Group company had posted a loss of Rs 28 crore in the year-ago quarter.
