New Delhi: Monnet Ispat and Energy Wednesday reported a standalone net detriment of Rs 358.60 crore for a entertain finished Jun 30, 2016-17.
The organisation had clocked a net distinction of Rs 473.91 crore in a April-June duration of final financial year.
Monnet pronounced in a BSE filing that a sum standalone income also declined to Rs 420.62 crore in a initial entertain of a stream fiscal, as opposite Rs 691.05 crore in a year-ago period.
In March, a company’s shareholders authorized a offer to sell Monnet’s interest in a energy auxiliary organisation — Monnet Power Company Ltd (MPCL).
MPCL, in that Monnet has 87.5 percent stake, is environment adult a 1,050 MW ability thermal energy plant in Angul (Odisha).
Tata Steel reports $477 million Q1 detriment on Europe plant sale
Rupee rallies in sync with batch markets, jumps 31 paise to dollar in early trade
Cadila Healthcare gets EIR for Ahmedabad plant from USFDA
Its ability is serve being lifted to 1,710 MW by adding additional 660 MW (super vicious turbine) during a same site, as per a information on MIEL’s website.
The association batch rose 0.89 per cent to settle during Rs 22.75 every on BSE.