“Keeping in view the acute power shortage scenario in AP, the board felt it necessary to implement the captive power plant on a priority basis as the existing ferro alloy unit is unable to carry on its manufacturing operations due to high power tariff and non-availability of adequate power,” VBC Ferro said in a filing to the BSE on Monday. VBC Ferro reported a net loss of Rs 2.42 crore for the second quarter ended September 2013, as against a net loss of Rs 4 crore in the corresponding quarter previous year. Total income stood at Rs 50.25 lakh during the quarter, as compared with Rs 4.75 crore last year.
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