New Delhi: Lanco Infratech on Friday reported widening of net loss in the third quarter ended December 2014 to Rs 616.6 crore.
New Delhi: Lanco Infratech on Friday reported widening of net loss in the third quarter ended December 2014 to Rs 616.6 crore.
The company had posted a loss of Rs 529.7 crore during the corresponding quarter of the previous year, it said in a BSE filing.
Lanco Infratech's gross revenue was down 13 per cent in the third quarter at Rs 2,253.1 crore as against Rs 2,588.5 crore in the corresponding quarter of last fiscal, it said in a BSE filing.
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The company's performance was adversely hit due to lower plant load factor in power plants hit by fuel supply, lower pace of EPC project implementation and high interest rates and payments.
The company has an engineering, procurement and construction (EPC) order book of Rs 29,463.8 crore which includes internal projects.
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