
Tata Steel stock dips as co posts highest quarterly loss in Q2 at ₹6,511 cr
Tata Steel takes impairment charge of ₹6,358 cr in Q2 FY24 for decarbonisation project at Port Talbot plant in the UK
Tata Steel takes impairment charge of ₹6,358 cr in Q2 FY24 for decarbonisation project at Port Talbot plant in the UK
Ailing Port Talbot unit’s transition to green steel set-up with 40% revival cost borne by Britain.
The Tata Group firm is in negotiations with the British government to raise capital to secure the future of Port Talbot steelworks in South Wales.
The dim outlook comes after Tata Steel assessed the potential impact of the economic downturn in Europe.
Escalating energy costs in the U.K. burden the steelmaker