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Indosolar Ltd reports loss of Rs 29.77 crore for march

Solar cell maker Indosolar Ltd has reported a loss of Rs 29.77 crore for the March quarter. The company had posted a net profit of Rs 80.91 lakh in the quarter ended on March 31, 2015. The solar industry has witnessed turmoil owing to significant downturn in global market due to structural over supply situation.

However, the company said the domestic market has been showing an upturn lately due to the government initiatives to enhance solar power generation capacity in the country. It said the company expects to operate at the significant level of capacity at least till July, 2016. 

 

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