BusinessMoneycontrol
West Asia crisis cost Tata Steel Rs 1,200 crore in Q1: MD Narendran
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Tata Steel incurred a Rs 1,200 crore cost in Q1 due to the West Asia crisis, according to MD and CEO T.V. Narendran.
The company expects margin impacts in the July-September quarter to continue, but to a lesser extent if the Iran-US conflict does not see major new flare-up.
Narendran made these remarks in an interaction with Moneycontrol.
