Mumbai, Oct. 17 -- The loss is due to an exceptional charge of Rs 580.10 crore recorded in the September 2025 quarter.

The company stated that during the earlier year, a wholly owned subsidiary company (WOS) of the Group had terminated a contract with a major subcontractor in a particular geography for delays and default of its obligations under the contract.

During the quarter, the Arbitral Tribunal passed an interim award in this matter whereby the claims that were considered recoverable of Rs 485.64 crore ($55.06 million) by WOS were dismissed and the subcontractor has been granted a claim amount of Rs 56.80 crore ($6.44 million) plus interest.

Accordingly, during the quarter, the Group has charged off Rs 580.10 crore (including est...