ABG Shipyard loss widens

The country's largest private sector shipbuilding yard had reported a net loss of Rs 48.78 cr in the corresponding quarter of the previous fiscal

ABG Shipyard on Tuesday said its standalone net loss widened at Rs 374.86 crore for the quarter ended March due to massive fall in its total income.

The country's largest private sector shipbuilding yard had reported a net loss of Rs 48.78 crore in the corresponding quarter of the previous fiscal.

Total income from operations during the quarter under review nosedived to Rs 21.95 crore, against Rs 499.26 crore in the fourth quarter of 2013-14.