GE Power India on Friday reported widening of consolidated net loss to Rs 135.79 crore in the June quarter.
It had reported a consolidated net loss of Rs 59.02 crore in the year-ago quarter, according to a regulatory filing.
The company’s total income declined to Rs 440.28 crore in the first quarter of the current fiscal from Rs 520.01 crore in the same period a year ago.
“In the June quarter, we continued to see that the turnaround is taking longer than anticipated… we are seeing a slight ease on the FGD (Flue-Gas Desulfurisation) market, but conversion to orders is still slower than expected,” GE Power India Managing Director Prashant Jain said in a statement.
