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India's Tata Chemicals reported its first quarterly loss in nine years on Monday, hurt by a one-time charge incurred in its UK operations along with lower prices and demand of soda ash.
In the FY 2023-24, Tata Steel UK recorded a negative EBITDA of £ 373 million and negative free cashflow of £ 623 million, the steelmaker said.
Indicating a stable outlook, Fitch ratings upgraded Tata Steel's rating to ‘BBB-’ from ‘BB+’.The improvement has come in the wake of easing UK risk