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Bombay Burmah makes provision of Rs 1,866 cr to insulate from Go First issue

Bombay Burmah Trading Corporation has said it has made a provision of Rs 1,865.66 crore in respect of its investments made in Go First and other related financial obligations

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Representative Image. Pic/iStock

Representative Image. Pic/iStock

Bombay Burmah Trading Corporation has said it has made a provision of Rs 1,865.66 crore in respect of its investments made in Go First and other related financial obligations.

In a statement shared with stock exchanges, Bombay Burmah Trading Corporation (BBTCL) reported a consolidated total income of Rs 17,079 crore and net loss of Rs 533 crore for the year ended March 31, 2023. The reported loss is after making the provision, it added.

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