Ponni Sugars posts Rs 1.1-cr loss

Ponni Sugars has reported a net loss of Rs 1.10 crore on an income of Rs 33.53 crore during the first quarter ended June 30, 2012. During the corresponding period in the previous year, the company reported a net profit of Rs 78 lakh on an income of Rs 45.16 crore. The company expects to commission its 19 MW cogeneration plant during the second quarter of the current year. Ponni Sugars has invested Rs 102 crore in the project. On the BSE, the company’s shares closed at Rs 171 against the previous close of Rs 163.05.