Saturday, November 28

Reliance Infra Q2 results: Reports net loss of Rs 277 cr

Dependence Infrastructure (RInfra) on Wednesday detailed a united total deficit of Rs 277.44 crore for the quarter finished September.

The organization had timed a merged net benefit of Rs 280.35 crore in the relating quarter of the past financial, the organization said in an assertion.

Its complete merged pay during the quarter under audit tumbled to Rs 5,256.64 crore as against Rs 6,357.97 crore in the relating quarter a year back.

Absolute combined costs declined to Rs 5,604.78 crore during the quarter under audit as against Rs 5,835.40 crore in the year-back period.

The organization said it has Rs 60,000 crore of receivables forthcoming for upwards of 5-10 years before different discussions, including administrative and intervention court.

It said it keeps on offering fundamental types of assistance and constantly run after accomplishing achievements even in the current COVID-19 circumstance.

Mumbai metro continued business activities in October 2020 while Delhi discoms are viably giving force gracefully to 44 lakh families, it added.

RInfra said its designing and development ventures are completely operational.

It has a solid designing and development request book at Rs 27,150 crore as on September 30.

Delhi Agra (DA) expressway deal for big business estimation of Rs 3,600 crore to Cube Highways and Infrastructure III Pte Ltd is on target for conclusion, while Defense joint endeavor with Dassault and Thales are completely operational.

Credit: Stocks-Markets-Economic Times

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