Tata Steel Q1 loss at Rs. 3183.07 crores

Sep 14, 2016, 00:56
Tata Steel Q1 loss at Rs. 3183.07 crores

Consolidated total income from operation stood at Rs 7098.59 crore, up by 2.78% versus Rs 6906.50 crore a year ago same period.

During the quarter, the company produced 94,496 tonnes of aluminium, about 10 per cent higher than 85,722 tonnes in the same period last fiscal, while the net power generated during the quarter was 1,489 million units, up by around 10 per cent, against 1,358 million units generated in the corresponding period of previous year.

The company is developing 39 real estate projects - 13 group housing, 16 townships and 10 commercial.

Alok Industries owes over Rs 18,000 crore to a consortium of 32 lenders, led by the State Bank of India.

Among other highlights, the company's power distribution business added 63,000 new customers in the metros of Delhi and Mumbai in Q1 of FY17.

Its finance cost reduced to Rs 137.42 crore from Rs 194.38 crore in the said period.

According to RInfra, discussions are in advanced stage to monetise the entire road portfolio. Its order book stood at Rs 2,720 crore.

On September 12, the share price of Reliance Power declined by 4.77 per cent on bourses; and closed at Rs 51.5 on an intraday basis. While Infrastructure business increased by 24.12% yoy to Rs 314.12 crore compared to Q1FY16. It won arbitration award for two road projects-NK Toll Road and DS Toll Road worth Rs.170 crore.

The company has received 27 industrial licenses for missiles, ammunition, land and naval systems.

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