Latest News | Jaiprakash Associates Net Loss Widens to Rs 1,023 Cr in Jun Qtr

New Delhi, Aug 14 (PTI) Debt-ridden Jaiprakash Associates' consolidated net loss has widened to Rs 1,023.44 crore in the first quarter of this fiscal.

Its net loss stood at Rs 180.80 crore in the year-ago period.

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The total income rose to Rs 1,770.66 crore in April-June this fiscal from Rs 1,505.23 crore in the corresponding period of the previous year, according to a regulatory filing.

Jaiprakash Associates is into cement, construction, power and real estate businesses.

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The company is currently facing insolvency proceedings.

(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)