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.
In the worst-case scenario, if the UK government did not finance a green transition by the company, different assets would be closed as they reached end-of-life, said the steelmaker’s chief executive.