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Bhushan Steel in deep crisis, net loss widens to Rs 1,130 cr in Q4

Audited results showed that firm's total expenses grew to Rs 5,994 crore from Rs 5,060.47 in FY16

Press Trust of India  |  New Delhi 

Bhushan Steel
Bhushan Steel

Crisis-ridden has reported a of Rs 1,130.65 crore in the fourth ended March 31, 2017, much larger than Rs 756.76 crore mentioned in the unaudited in May this year.

Last month, led by of decided to started proceedings against in Tribunal.

The embattled firm had posted a of Rs 1,185.16 crore in the year-ago period, it said in a regulatory filing.

According to the audited results, the company's total grew to Rs 5,994 crore from Rs 5,060.47 crore in the year-ago period.

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First Published: Thu, July 06 2017. 16:29 IST