Lanco Infratech's net loss widens to Rs 449 crore in Apri-Jun quarter
Lanco Infratech's (LITL) consolidated net loss widened to Rs 448.88 crore during the quarter ended June 30, 2016.
New Delhi: Lanco Infratech's (LITL) consolidated net loss widened to Rs 448.88 crore during the quarter ended June 30, 2016.
The company had posted consolidated net loss after taxes, non controlling interest and share of loss associates of Rs 316.52 crore in the corresponding quarter of previous fiscal, Lanco Infratech said in a statement.
The total income from operations (net) during the quarter increased to Rs 1,940.35 crore, over Rs 1,638.14 crore in the year-ago period, it said.
Lanco is present in five sectors -- power, solar, natural resources, infrastructure?and property development.
The EPC sector and the power sector together contributed to 86 per cent of the gross revenues. Power sector contributed to 69 per cent of the gross revenues.
Lanco Infratech's projects, both operational and under construction and development, are spread across India. At present, the power portfolio includes an installed capacity of 3,465 mw and another 5,956 mw under various stages of construction an development.