Jaiprakash As­so­ciates net loss nar­rows

Financial Chronicle - - COMPANIES -

DEBT-rid­den Jaypee group's flag­ship firm Jaiprakash As­so­ciates on Tues­day re­ported stand­alone net loss of Rs 186.48 crore for the quar­ter ended Septem­ber on lower in­come.

Its net loss stood at Rs 781.20 crore in the year-ago pe­riod, the com­pany said in a reg­u­la­tory fil­ing.

Jaiprakash As­so­ciates' to­tal in­come de­clined to Rs 871.71 crore in the sec­ond quar­ter of this fis­cal from Rs 1,437.09 crore in the cor­re­spond­ing pe­riod of the pre­vi­ous year.

The com­pany, which is en­gaged in the busi­nesses of con­struc­tion, ce­ment, real es­tate, ho­tel, sports and power among oth­ers, said that dur­ing the quar­ter ended Septem­ber, it en­tered into con­tract for new work ag­gre­gat­ing to Rs 983 crore with Wa­ter Re­sources Depart­ment, Mad­hya Pradesh gov­ern­ment. It also re­ceived let­ter of award ag­gre­gat­ing to Rs 1,492 crore for ex­e­cu­tion of dam and hy­dro projects in Nepal.

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