RattanIndia Power consolidated net loss widens to Rs 386.69 cr in Dec qtr
RattanIndia Power Ltd (RPL) consolidated net loss widened to Rs 386.69 crore in the December quarter, compared to the same period a year ago, due non-operation of Nashik thermal power plant.
The company had reported a consolidated net loss of Rs 69.09 crore in the quarter ended on December 31, 2020, the company said in a regulatory filing.
The widening of the consolidated loss in the December quarter was “due to non-operation of Nashik Thermal Power Plant (Sinnar Thermal Power Ltd). That exposure has no bearing on parent RattanIndia Power Ltd,” a company spokesperson said.
The consolidated results of RPL also includes the financials of Sinnar Thermal Power Limited (STPL), which is a subsidiary of RattanIndia Power Ltd and is a separate SPV holding Sinnar Thermal Power Plant, the spokesperson said.
