Falling for the second day, shares of Tata Power lost nearly 5 per cent today after the company reported a consolidated loss of Rs 628.75 crore in the three months ended March 31, 2012.
After a weak opening, the shares extended the fall and lost 4.8 per cent to Rs 86.10 on the BSE. On the NSE, the stock tanked 4.7 per cent to Rs 86.15.
The stock had shed over 5 per cent yesterday, after the company reported a consolidated loss of Rs 628.75 crore for the January-March quarter, hit by non-cash impairment charge provision of Rs 815 crore related to the Mundra UMPP.
The country’s largest private power producer had a consolidated profit-after-tax of Rs 625.02 crore in the same quarter of 2010-11 fiscal.
Meanwhile, the BSE 30-scrip benchmark Sensex was trading over 140 points down at 15,886.33.