The Free Press Journal

GVK Power & Infra net loss widens

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NEW DELHI: GVK Power and Infrastruc­ture's standalone net loss widened to Rs 205.85 crore in the fourth quarter ended March 31, 2017. The company's net loss in the year-ago quarter was at Rs 105.59 crore, it said in a regulatory filing, reports PTI. The company saw its expenses rising to Rs 223.50 crore from Rs 119.64 crore in the three-month period a year ago. However, its total income increased to Rs 25.85 crore for the January-March quarter from Rs 17.25 crore for the same period a year ago. GVK is an Indian conglomera­te with presence across energy, resources, airports, transporta­tion, hospitalit­y and life sciences sectors.

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