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Orissa Minerals June quarter net loss widens to Rs 21 cr

Press Trust of India  |  New Delhi 

Orissa Minerals Development Company Ltd on Tuesday reported widening of standalone net loss to Rs 20.80 crore for the quarter ended June 30.

The company had posted a net loss of Rs 5.71 crore in the year-ago period, Orissa Minerals Development Co Ltd said in a BSE filing.

The company's income declined during April-June quarter to Rs 6.33 crore, from Rs 14 crore in the year-ago period.

The company's mining operations are under suspension due to non-availability or statutory clearances.

Mining Leases are in the process or renewal and accordingly, these financial results have been prepared on a "going concern basis", the company said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 13 2019. 16:25 IST
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