Lower demand widens Adani Power's Q3 standalone loss 16-fold to Rs 478 cr

-Posts consolidated net loss at Rs 323.61 crore as against a net profit of Rs 109.49 crore

Non-availability of domestic fuel linkages and lower power demand has led to Adani Power Limited (APL)'s standalone net loss widening Rs 478.39 crore for the quarter ended December 31, 2016 for the financial year 2016-17, the company said in its filing on BSE.

As against this, the power arm of the Adani Group had a standalone net loss of Rs 30.24 crore for the same quarter last year.

The company's standalone total income for Q3 of FY17 too fell to Rs 3,063.97 crore, from Rs 3,195.23 crore of Q3 in the previous fiscal.

As per the communique, EBIDTA during the quarter fell by