{"id":277813,"date":"2019-06-10T05:39:08","date_gmt":"2019-06-10T05:39:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277813"},"modified":"2019-06-10T05:39:08","modified_gmt":"2019-06-10T05:39:08","slug":"adag-stocks-plunge-up-to-20-after-rpower-posts-loss-of-rs-3559-cr-for-q4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adag-stocks-plunge-up-to-20-after-rpower-posts-loss-of-rs-3559-cr-for-q4\/","title":{"rendered":"ADAG stocks plunge up to 20% after RPower posts loss of Rs 3,559 cr for Q4"},"content":{"rendered":"<p>Shares of Anil Dhirubhai Ambani Group (ADAG) companies came under heavy pressure on Monday with Reliance Power (RPower) hitting a new low of Rs 4.94, tumbling 20 per cent on the BSE after the company reported a huge loss of Rs 3,559 crore for the March 2019 quarter, due to impairment and higher finance costs. The company had posted a net profit of Rs 189 crore in the year-ago quarter. <\/p>\n<p>The company reported Rs 4,170 crore as impairment loss, of which Rs 1,017 crore was reduced through withdrawal from its general reserves. <\/p>\n<p>Reliance Infrastructure (RInfra) hit a fresh 15-year low of Rs 67, down 9 per cent, extending its past 24 per cent fall on the BSE, after the company postponed its board meeting for the second time due to delay in Reliance Power results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Anil Dhirubhai Ambani Group (ADAG) companies came under heavy pressure on Monday with Reliance Power (RPower) hitting a new low of Rs 4.94, tumbling 20 per cent on the BSE after the company reported a huge loss of Rs 3,559 crore for the March 2019 quarter, due to impairment and higher finance costs. The company had posted a net profit of Rs 189 crore in the year-ago quarter. The company reported Rs 4,170 crore as impairment loss, of which Rs 1,017 crore was reduced through withdrawal from its general reserves. Reliance Infrastructure (RInfra) hit a fresh 15-year low [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-277813","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=277813"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277813\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}