Reliance Power net loss widens to Rs 296 cr in Q1 on lower income

Reliance Power on Wednesday said its net loss widened to Rs 296.31 crore in the June quarter on the back of lower income and higher expenses.

It had clocked a net loss of Rs 160.79 crore during the year-ago quarter, the company said in a regulatory filing.

The Anil Ambani-led company’s total income declined to Rs 1,958.72 crore in the first quarter of the current fiscal from Rs 2,144.97 crore in the year-ago period.

Its expenses rose to Rs 2,182.69 crore in the April-June period as against Rs 2,145.90 crore in the same period a year ago.