MUMBAI: Tata Steel reported a consolidated net loss of Rs. 11486 crore capital expenditure in the whole financial year.The company expects a capital expenditure of less than Rs. 3213.76 crore for the March quarter against a loss Rs. 2857.79 crore due to restructuring in UK and some purely performing investments overseas.Analysts were expecting a loss of Rs. 5674.29 crore in the year ago period.The loss came in wider than expected as the company took impairment charges and write downs of Rs.

Source: Economic Times May 25, 2016 10:26 UTC