It was today informed by Vedanta group firm Madras Aluminium Company that for the Q3 ended 31st December, the net loss of the company stood at Rs 7.13 crore, while it had a net profit of Rs 14.72 crore for the same quarter in the previous fiscal.
It was informed by the company that a proposal from the promoter, Twinstar Holdings has been received by its board, in which the former has offered to acquire the remaining 20 per cent stake in Malco, following which the shares of the firm would be delisted from the stock exchanges.