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Elsa J Deventer

Tata Steel Q2: Tata Steel Q2 Results: Firm reports a whopping Rs 6,196-crore loss; revenue drops 7% YoY

The exceptional loss includes an impairment charge of Rs 2,631 crore, which is related to Tata Steel UK, a step-down subsidiary. In addition, the company has also undertaken a charge towards restructuring and other provisions of Rs 3,612 crore.

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