<p>Reliance Power on Wednesday said its net loss widened to Rs 296.31 crore in the June quarter on the back of lower income and higher expenses.</p>.<p>It had clocked a net loss of Rs 160.79 crore during the year-ago quarter, the company said in a regulatory filing.</p>.Reliance Jio gets $2.2 billion fund support from Swedish Export Credit agency to finance 5G roll-out.<p>The Anil Ambani-led company's total income declined to Rs 1,958.72 crore in the first quarter of the current fiscal from Rs 2,144.97 crore in the year-ago period.</p>.<p>Its expenses rose to Rs 2,182.69 crore in the April-June period as against Rs 2,145.90 crore in the same period a year ago.</p>.<p>"The board of directors of the parent company in its meeting on August 5, 2023 approved issuance of 7,59,77,000 equity shares of Rs 10 each at a premium of Rs 10 per equity share aggregating to Rs 151.95 crore to Reliance Commercial Finance Ltd...," the filing said.</p>.<p>Shares of Reliance Power settled at Rs 18.25 apiece on the BSE, up 2.59 per cent from its previous close.</p>
<p>Reliance Power on Wednesday said its net loss widened to Rs 296.31 crore in the June quarter on the back of lower income and higher expenses.</p>.<p>It had clocked a net loss of Rs 160.79 crore during the year-ago quarter, the company said in a regulatory filing.</p>.Reliance Jio gets $2.2 billion fund support from Swedish Export Credit agency to finance 5G roll-out.<p>The Anil Ambani-led company's total income declined to Rs 1,958.72 crore in the first quarter of the current fiscal from Rs 2,144.97 crore in the year-ago period.</p>.<p>Its expenses rose to Rs 2,182.69 crore in the April-June period as against Rs 2,145.90 crore in the same period a year ago.</p>.<p>"The board of directors of the parent company in its meeting on August 5, 2023 approved issuance of 7,59,77,000 equity shares of Rs 10 each at a premium of Rs 10 per equity share aggregating to Rs 151.95 crore to Reliance Commercial Finance Ltd...," the filing said.</p>.<p>Shares of Reliance Power settled at Rs 18.25 apiece on the BSE, up 2.59 per cent from its previous close.</p>