{"id":351977,"date":"2020-05-19T10:31:09","date_gmt":"2020-05-19T05:01:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351977"},"modified":"2020-05-19T10:40:29","modified_gmt":"2020-05-19T05:10:29","slug":"torrent-power-posts-standalone-q4-net-loss-of-%e2%82%b9222-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/torrent-power-posts-standalone-q4-net-loss-of-%e2%82%b9222-crore\/","title":{"rendered":"Torrent Power posts standalone Q4 net loss of \u20b9222 crore"},"content":{"rendered":"<p>Torrent Power Ltd on Monday announced standalone net loss of \u20b9222 crore for the fourth quarter ended March 2020, as against the net profit of \u20b927 crore in the corresponding quarter last year.<\/p>\n<p>Company has registered standalone revenues of \u20b92,931 crore for the quarter under review, as against \u20b92,839 crore in the same quarter last year.<\/p>\n<p>Torrent Power has attributed the quarterly loss to one-off impairment assessment of 1,200-MW DGEN Mega Power Project located at Dahej in South Gujarat. \u201cBased on such assessment, the company has provided for impairment loss of \u20b91,000 crore, which has been disclosed as an \u2018Exceptional item\u2019 in the standalone financial results,\u201d a note on results said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Torrent Power Ltd on Monday announced standalone net loss of \u20b9222 crore for the fourth quarter ended March 2020, as against the net profit of \u20b927 crore in the corresponding quarter last year. Company has registered standalone revenues of \u20b92,931 crore for the quarter under review, as against \u20b92,839 crore in the same quarter last year. Torrent Power has attributed the quarterly loss to one-off impairment assessment of 1,200-MW DGEN Mega Power Project located at Dahej in South Gujarat. \u201cBased on such assessment, the company has provided for impairment loss of \u20b91,000 crore, which has been disclosed as an \u2018Exceptional [&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":[130],"tags":[],"class_list":["post-351977","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351977","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=351977"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351977\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}