Tata Power posts surprise Rs 247 crore Q4 loss on one-time charge

Tata Power posts surprise Rs 247 crore Q4 loss on one-time charge

Tata Power Co Ltd posted a loss in the fourth quarter on Friday compared with a profit a year earlier as it incurred a one-time charge towards contractual obligations.

The company posted a consolidated net loss for the quarter ended March 31 of Rs 247 crore compared with a profit of Rs 83 crore a year earlier.

Consolidated exceptional loss towards contractual obligations amounted to Rs 651 crore, Tata Power said. Read More…

 

 

 

Credit By: Business Standard

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