Dhule (Maharashtra) [India], August 19 (ANI): Leading precious metal player Shirpur Gold Refinery Ltd (SGRL) has lowered its loss to Rs 32 crore in Q1 FY22 as against a loss of Rs 62 crore in the same quarter last year.

However, the company's revenue went up to Rs 1,348 crore as against Rs 702 crore in Q1 FY 21.

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Half of India's gold refineries had shut down in the wake of Covid-19 and consequent slump in gold business due to lockdowns.

SGRL said it had negative earnings per share of Rs 10.8 in Q1 FY22 as against a negative EPS of Rs 21.2 in the same quarter last year.

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SGRL has a greenfield precious metal refinery with installed capacity to refine 217 metric tonnes of gold and silver per year in Shirpur and Dhule districts of Maharashtra.

(ANI)

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