New Delhi, Aug 9 (PTI) Indowind Energy on Wednesday reported an over 6 per cent decline in its consolidated net profit at Rs 1.51 crore in the June quarter, mainly due to lower revenues.

The company had reported a consolidated net profit of Rs 1.61 crore in the quarter ended on June 30, 2022, according to a regulatory filing.

Also Read | PM Modi Independence Day Speech Videos: Watch Prime Minister Narendra Modi’s Speeches From Ramparts of Red Fort Since 2014.

Total income of the company also fell to Rs 7.67 crore during the quarter from Rs 7.83 crore a year ago.

The board has approved raising capital of up to Rs 50 crore for meeting the project expansion requirements and has constituted a committee to finalise the type of offering in line with statutory & regulatory requirements, in consultation with the investment bankers & legal advisers, the company said.

Also Read | Gaurav Gogoi on Manipur Issue: No-Confidence Motion Not for Numbers But for Justice for Manipur, Says Congress MP.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)