INDIA: Telco loss more than doubles to Rs 74 cr
UTILITY vehicle and passenger car producer Tata Engineering & Locomotive Company on Tuesday announced a Rs 74-crore loss for the first quarter (April-June) of 2000-01 — more than double the Rs 34 crore loss incurred in the same period a year ago. Losses were up despite a 14-per cent growth in sales to Rs 1,803 crore from Rs 1,580 crore previously.
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