HYDERABAD, Sep 27:
Lanco Infratech Limited has posted a huge loss of Rs 1,691.63 crore for the first quarter ended June 30, 2017 as as against a loss of Rs 1,27.77 crore for the corresponding quarter on a standalone basis.
The income of the diversified infrastructure company now faced with insolvency proceedings, for the first quarter has come down to Rs 254.74 crore as against Rs 359.97 crore for the corresponding quarter last year.
For the financial year ended March 31, 2017, the company had posted a loss of Rs 889.52 crore and income of Rs 1757.53 crore.
The company results were finalised and intimated to the stock exchanges by Savan Godiwala, the resolution professional appointed for Lanco Infratech and certified by G Ve…
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