PSU NEWS
BHEL consolidated net loss narrowed to Rs 1,036 crore
The company's consolidated net loss had stood at Rs 1,532.18 crore in the quarter ended on March 31, 2020, according to a BSE filing.
In the full financial year 2020-21, the company's consolidated net loss widened to Rs 2,699.70 crore as compared with Rs 1,468.35 crore in 2019-20./Image: BHEL webite
New Delhi: State-owned engineering firm BHEL consolidated net loss narrowed to Rs 1,036.32 crore in the March 2021 quarter, mainly on the back of higher revenues.
The company's consolidated net loss had stood at Rs 1,532.18 crore in the quarter ended on March 31, 2020, according to a BSE filing.
Total income during January-March 2021 rose to Rs 7,245.16 crore, from Rs 5,166.64 crore in the year-ago period.
In the full financial year 2020-21, the company's consolidated net loss widened to Rs 2,699.70 crore as compared with Rs 1,468.35 crore in 2019-20.
Its total income during 2020-21 dropped to Rs 17,657.11 crore, from Rs 22,027.44 crore in 2019-20.
The nationwide lockdown, consequent to the spread of the COVID-19 pandemic globally, caused disturbance and slowdown in economic activities. It impacted the group operations during 2020-21, which recouped progressively, the company explained.
Based on internal and external information up to the date of approval of these financial statements, the company expects to recover the carrying amount of its assets, investments, trade receivables, contract assets and inventories, it added./PTI
Read Also : KABIL inks MoU with CSIR-NGRI for advancing geophysical investigations in critical and strategic minerals sector
News Must Read
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24
- RuPay Unveils Link it, Forget it Campaign at IPL 2024 to Promote RuPay Credit Card on UPI
- NTPC Green Energy Limited Inks MoU with Indus Towers Limited
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE