Gujarat NRE Coke today reported narrowing of its net loss at Rs 82.79 crore for the quarter ended March 31, 2015.
The company's net loss in the year-ago period was Rs 196.57 crore, the company said in a regulatory filing.
The total income from operations of the company increased to Rs 110.70 crore during the January-March quarter as against Rs 89.44 crore in the year-ago period, it said.
Gujarat NRE Coke in a separate regulatory filing said that its board has approved the increase of authorised share capital of the company to Rs 2,500 crore.
The board in its meeting held today has "approved increase of authorised share capital of the company from existing capital of Rs 2,000 crore to Rs 2,500 crore by creation of 50 crore equity shares of Rs 10 each, subject to approval of the members in the forthcoming AGM," it said.
The board has also approved, "to issue up to 75,00,00,000 equity shares to any of the lending banks under private placement basis in the event of their exercising the right to convert their respective term loan...," it added.
