v3.25.2
Property, Plant and Equipment (Tables)
12 Months Ended
Mar. 31, 2025
Disclosure of detailed information about property, plant and equipment [abstract]  
Schedule of Estimated Useful Lives of Assets The estimated useful lives of assets are as follows:

Buildings

 

22 - 25 years

Plant and machinery(1)

 

5 years

Computer equipment

 

3-5 years

Furniture and fixtures

 

5 years

Vehicles

 

5 years

Leasehold improvements

 

Lower of useful life of the asset or lease term

Includes solar plant with a useful life of 25 years.
Schedule of Changes in Carrying Value of Property, Plant and Equipment

Following are the changes in the carrying value of property, plant and equipment for fiscal 2025:

 

 

(Dollars in millions)

 

 

 

Land

 

 

Buildings

 

 

Plant and
machinery

 

 

Computer
equipment

 

 

Furniture
and fixtures

 

 

Vehicles

 

 

Total

 

Gross carrying value as of April 1, 2024

 

 

171

 

 

 

1,411

 

 

 

637

 

 

 

1,032

 

 

 

406

 

 

 

6

 

 

 

3,663

 

Additions

 

 

6

 

 

 

5

 

 

 

30

 

 

154

 

 

 

22

 

 

 

 

 

 

217

 

Additions - Business Combination (Refer to Note 2.10)

 

 

 

 

 

 

 

 

1

 

 

1

 

 

 

3

 

 

 

 

 

 

5

 

Deletions*

 

 

 

 

 

(13

)

 

 

(20

)

 

 

(75

)

 

 

(36

)

 

 

 

 

 

(144

)

Translation difference

 

 

(4

)

 

 

(32

)

 

 

(16

)

 

 

(24

)

 

 

(9

)

 

 

 

 

 

(85

)

Gross carrying value as of March 31, 2025

 

 

173

 

 

 

1,371

 

 

 

632

 

 

 

1,088

 

 

 

386

 

 

 

6

 

 

 

3,656

 

Accumulated depreciation as of April 1, 2024

 

 

 

 

 

(590

)

 

 

(498

)

 

 

(765

)

 

 

(322

)

 

 

(5

)

 

 

(2,180

)

Depreciation

 

 

 

 

 

(52

)

 

 

(44

)

 

 

(148

)

 

 

(35

)

 

 

 

 

 

(279

)

Accumulated depreciation on deletions*

 

 

 

 

 

2

 

 

 

18

 

 

 

73

 

 

 

35

 

 

 

 

 

 

128

 

Translation difference

 

 

 

 

 

13

 

 

 

13

 

 

 

20

 

 

 

7

 

 

 

 

 

 

53

 

Accumulated depreciation as of March 31, 2025

 

 

 

 

 

(627

)

 

 

(511

)

 

 

(820

)

 

 

(315

)

 

 

(5

)

 

 

(2,278

)

Capital work-in-progress as of March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

119

 

Carrying value as of March 31, 2025

 

 

173

 

 

 

744

 

 

 

121

 

 

 

268

 

 

 

71

 

 

 

1

 

 

 

1,497

 

Capital work-in-progress as of April 1, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

54

 

Carrying value as of April 1, 2024

 

 

171

 

 

 

821

 

 

 

139

 

 

 

267

 

 

 

84

 

 

 

1

 

 

 

1,537

 

 

* During fiscal 2025, certain assets which were not in use having gross book value of $60 million (net book value: Nil), were retired

Following are the changes in the carrying value of property, plant and equipment for fiscal 2024:

 

 

(Dollars in millions)

 

 

 

Land

 

 

Buildings

 

 

Plant and
machinery

 

 

Computer
equipment

 

 

Furniture
and fixtures

 

 

Vehicles

 

 

Total

 

Gross carrying value as of April 1, 2023

 

 

174

 

 

 

1,407

 

 

 

625

 

 

 

1,037

 

 

 

409

 

 

 

6

 

 

 

3,658

 

Additions - Business Combination (Refer to Note 2.10)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additions

 

 

 

 

 

36

 

 

 

40

 

 

112

 

 

 

24

 

 

 

 

 

 

212

 

Deletions*

 

 

 

 

 

(7

)

 

 

(19

)

 

 

(102

)

 

 

(20

)

 

 

 

 

 

(148

)

Translation difference

 

 

(3

)

 

 

(25

)

 

 

(9

)

 

 

(15

)

 

 

(7

)

 

 

 

 

 

(59

)

Gross carrying value as of March 31, 2024

 

 

171

 

 

 

1,411

 

 

 

637

 

 

 

1,032

 

 

 

406

 

 

 

6

 

 

 

3,663

 

Accumulated depreciation as of April 1, 2023

 

 

 

 

 

(552

)

 

 

(468

)

 

 

(709

)

 

 

(300

)

 

 

(5

)

 

 

(2,034

)

Depreciation

 

 

 

 

 

(54

)

 

 

(56

)

 

 

(167

)

 

 

(47

)

 

 

 

 

 

(324

)

Accumulated depreciation on deletions*

 

 

 

 

 

7

 

 

 

18

 

 

 

101

 

 

 

19

 

 

 

 

 

 

145

 

Translation difference

 

 

 

 

 

9

 

 

 

8

 

 

 

10

 

 

 

6

 

 

 

 

 

 

33

 

Accumulated depreciation as of March 31, 2024

 

 

 

 

 

(590

)

 

 

(498

)

 

 

(765

)

 

 

(322

)

 

 

(5

)

 

 

(2,180

)

Capital work-in-progress as of March 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

54

 

Carrying value as of March 31, 2024

 

 

171

 

 

 

821

 

 

 

139

 

 

 

267

 

 

 

84

 

 

 

1

 

 

 

1,537

 

Capital work-in-progress as of April 1, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

55

 

Carrying value as of April 1, 2023

 

 

174

 

 

 

855

 

 

 

157

 

 

 

328

 

 

 

109

 

 

 

1

 

 

 

1,679

 

 

* During fiscal 2024, certain assets which were not in use having gross book value of $93 million (net book value: Nil), were retired

Following are the changes in the carrying value of property, plant and equipment for fiscal 2023:

 

 

(Dollars in millions)

 

 

 

Land

 

 

Buildings

 

 

Plant and
machinery

 

 

Computer
equipment

 

 

Furniture
and fixtures

 

 

Vehicles

 

 

Total

 

Gross carrying value as of April 1, 2022

 

 

188

 

 

 

1,481

 

 

 

653

 

 

 

1,125

 

 

 

423

 

 

 

6

 

 

 

3,876

 

Additions - Business Combination (Refer to Note 2.10)

 

 

 

 

 

 

 

 

1

 

 

 

1

 

 

 

 

 

 

 

 

2

 

Additions

 

 

 

 

42

 

 

57

 

 

187

 

 

62

 

 

 

 

 

348

 

Deletions

 

 

 

 

 

 

 

 

(32

)

 

 

(191

)

 

 

(45

)

 

 

 

 

 

(268

)

Translation difference

 

 

(14

)

 

 

(116

)

 

 

(54

)

 

 

(85

)

 

 

(31

)

 

 

 

 

 

(300

)

Gross carrying value as of March 31, 2023

 

 

174

 

 

 

1,407

 

 

 

625

 

 

 

1,037

 

 

 

409

 

 

 

6

 

 

 

3,658

 

Accumulated depreciation as of April 1, 2022

 

 

 

 

 

(541

)

 

 

(484

)

 

 

(796

)

 

 

(324

)

 

 

(5

)

 

 

(2,150

)

Depreciation

 

 

 

 

 

(54

)

 

 

(58

)

 

 

(164

)

 

 

(44

)

 

 

 

 

 

(320

)

Accumulated depreciation on deletions

 

 

 

 

 

 

 

32

 

 

190

 

 

44

 

 

 

 

 

 

266

 

Translation difference

 

 

 

 

 

43

 

 

 

42

 

 

 

61

 

 

 

24

 

 

 

 

 

 

170

 

Accumulated depreciation as of March 31, 2023

 

 

 

 

 

(552

)

 

 

(468

)

 

 

(709

)

 

 

(300

)

 

 

(5

)

 

 

(2,034

)

Capital work-in-progress as of March 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

55

 

Carrying value as of March 31, 2023

 

 

174

 

 

 

855

 

 

 

157

 

 

 

328

 

 

 

109

 

 

 

1

 

 

 

1,679

 

Capital work-in-progress as of April 1, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

67

 

Carrying value as of April 1, 2022

 

 

188

 

 

 

940

 

 

 

169

 

 

 

329

 

 

 

99

 

 

 

1

 

 

 

1,793

 

 

* During fiscal 2023, certain assets which were not in use having gross book value of $234 million (net book value: Nil), were retired

Schedule of Changes in Capital Work-in-Progress

The changes in capital work-in-progress for the year ended March 31, 2025, March 31, 2024 and March 31, 2023 are as follows:

 

(Dollars in millions)

 

 

 

Year ended March 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Balance at the beginning

 

 

35

 

 

 

35

 

 

 

55

 

Additions

 

 

273

 

 

 

213

 

 

 

332

 

Capitalised

 

 

(211

)

 

 

(212

)

 

 

(348

)

Translation differences

 

 

(2

)

 

 

(1

)

 

 

(4

)

Balance at the end

 

 

95

 

 

 

35

 

 

 

35