Orient Green Power Q3 loss narrows to Rs 39.68 crore
Orient Green Power Company on Thursday reported narrowing of its consolidated net loss to Rs 39.68 crore for the quarter ended December 2019, mainly due to higher revenues. The company’s consolidated net loss stood at Rs 65.74 crore in the corresponding quarter of the previous fiscal, it said in a BSE filing.
Total income rose to Rs 43.01 crore in the quarter under review from Rs 33.62 crore earlier.
The board of directors of the company also approved reduction of face value of its equity share of Rs 10 each to Rs 5 each by reducing the share capital from Rs 7,507,239,770 to Rs 3,753,619,885.
