Corporate News

Hindustan Motors posts Rs.41.9 crore loss

Mumbai, May 26 Country’s oldest but sick car maker Hindustan Motors Ltd said it closed last fiscal with revenue of Rs.15.10 crore and a loss of Rs.41.90 crore.

In a regulatory filing with BSE, the Rs.104.41 crore equity-based company said its accumulated losses at the end of last fiscal stands at Rs.201 crore.

The company in 2014 suspended operations in its West Bengal plant and declared a lay off at its Madhya Pradesh plant.

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