CG Power and Industrial’s net loss widens at Rs1,595.2cr in Sept quarter

CG Power and Industrial’s net loss widens at Rs1,595.2cr in Sept quarter
CG Power and Industrial Solutions on Wednesday reported widening of its consolidated net loss to Rs1,595.2cr in the quarter ended in September 2019, from Rs101.83cr loss year ago.

The total income of the company also slipped at Rs1,548.5cr yoy in the second quarter of this fiscal from Rs2,115.27cr.

"During the quarter and six months ended September 30, 2019, the group has carried out the process for recovery of outstanding advances by issuing recovery notices to various third parties," the company said.

CG Power & Industrial Solutions Ltd ended at Rs10.66, up by Rs0.5 or 4.92% from its previous closing of Rs10.16 on the BSE.

The scrip opened at Rs10.66 and has touched a high and low of Rs10.66 and Rs10 respectively.




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