India's Adani Enterprises posts second straight quarterly loss
India's Adani Enterprises posts second straight quarterly loss July 29 (Reuters) - India's Adani Enterprises ADEL.NS reported a quarterly loss on Wednesday, due to a one-time charge regarding a settlement agreement with U.S. Office of Foreign Assets Control.
The flagship firm of billionaire Gautam Adani-led conglomerate posted a consolidated net loss of 11.60 billion rupees ($121.3 million) in the quarter ended June 30 from a profit of 8.85 billion rupees a year ago.
($1 = 95.6050 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Mrigank Dhaniwala)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))
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