| 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 2026:
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(Dollars in millions) |
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Land |
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|
Buildings |
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Plant and
machinery |
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Computer
equipment |
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|
Furniture
and fixtures |
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|
Vehicles |
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Total |
|
Gross carrying value as of April 1, 2025 |
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|
173 |
|
|
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1,371 |
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|
632 |
|
|
|
1,088 |
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|
386 |
|
|
|
6 |
|
|
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3,656 |
|
Additions |
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|
3 |
|
|
|
77 |
|
|
|
47 |
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|
170 |
|
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|
26 |
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— |
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|
323 |
|
Additions - Business Combination (Refer to Note 2.10) |
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— |
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— |
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— |
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1 |
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— |
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— |
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1 |
|
Deletions*# |
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(7 |
) |
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(1 |
) |
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(11 |
) |
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(147 |
) |
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(18 |
) |
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(1 |
) |
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(185 |
) |
Translation difference |
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(17 |
) |
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(121 |
) |
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(64 |
) |
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(100 |
) |
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(31 |
) |
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— |
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(333 |
) |
Gross carrying value as of March 31, 2026 |
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|
152 |
|
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|
1,326 |
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|
604 |
|
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|
1,012 |
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|
363 |
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|
5 |
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3,462 |
|
Accumulated depreciation as of April 1, 2025 |
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— |
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|
(627 |
) |
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(511 |
) |
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(820 |
) |
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(315 |
) |
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(5 |
) |
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(2,278 |
) |
Depreciation |
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— |
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|
(51 |
) |
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(39 |
) |
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(122 |
) |
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(27 |
) |
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— |
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|
(239 |
) |
Accumulated depreciation on deletions*# |
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— |
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— |
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|
10 |
|
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|
145 |
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|
18 |
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1 |
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|
174 |
|
Translation difference |
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— |
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|
60 |
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|
54 |
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|
76 |
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|
25 |
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— |
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|
215 |
|
Accumulated depreciation as of March 31, 2026 |
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— |
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(618 |
) |
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(486 |
) |
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(721 |
) |
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(299 |
) |
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(4 |
) |
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(2,128 |
) |
Capital work-in-progress as of April 1, 2025 |
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|
119 |
|
Carrying value as of April 1, 2025 |
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|
173 |
|
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|
744 |
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|
121 |
|
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|
268 |
|
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|
71 |
|
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|
1 |
|
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|
1,497 |
|
Capital work-in-progress as of March 31, 2026 |
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|
72 |
|
Carrying value as of March 31, 2026 |
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|
152 |
|
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|
708 |
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|
118 |
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|
291 |
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64 |
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1 |
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1,406 |
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* During fiscal 2026, certain assets which were not in use having gross book value of $129 million (net book value: Nil), were retired Following are the changes in the carrying value of property, plant and equipment for fiscal 2025:
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(Dollars in millions) |
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|
Land |
|
|
Buildings |
|
|
Plant and
machinery |
|
|
Computer
equipment |
|
|
Furniture
and fixtures |
|
|
Vehicles |
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|
Total |
|
Gross carrying value as of April 1, 2024 |
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|
171 |
|
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|
1,411 |
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|
637 |
|
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|
1,032 |
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|
406 |
|
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|
6 |
|
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3,663 |
|
Additions |
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6 |
|
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|
5 |
|
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|
30 |
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|
154 |
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|
22 |
|
|
|
— |
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|
217 |
|
Additions - Business Combination (Refer to Note 2.10) |
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|
— |
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|
— |
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|
1 |
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1 |
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3 |
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— |
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|
5 |
|
Deletions*# |
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— |
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|
(13 |
) |
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(20 |
) |
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(75 |
) |
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(36 |
) |
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— |
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|
(144 |
) |
Translation difference |
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(4 |
) |
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(32 |
) |
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(16 |
) |
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(24 |
) |
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(9 |
) |
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— |
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|
(85 |
) |
Gross carrying value as of March 31, 2025 |
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|
173 |
|
|
|
1,371 |
|
|
|
632 |
|
|
|
1,088 |
|
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|
386 |
|
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|
6 |
|
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|
3,656 |
|
Accumulated depreciation as of April 1, 2024 |
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|
— |
|
|
|
(590 |
) |
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|
(498 |
) |
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|
(765 |
) |
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(322 |
) |
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(5 |
) |
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(2,180 |
) |
Depreciation |
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|
— |
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(52 |
) |
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(44 |
) |
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(148 |
) |
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(35 |
) |
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— |
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|
(279 |
) |
Accumulated depreciation on deletions*# |
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— |
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|
2 |
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|
18 |
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|
73 |
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|
35 |
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— |
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|
128 |
|
Translation difference |
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— |
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|
13 |
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|
13 |
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|
20 |
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|
7 |
|
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|
— |
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|
53 |
|
Accumulated depreciation as of March 31, 2025 |
|
|
— |
|
|
|
(627 |
) |
|
|
(511 |
) |
|
|
(820 |
) |
|
|
(315 |
) |
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|
(5 |
) |
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|
(2,278 |
) |
Capital work-in-progress as of April 1, 2024 |
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|
|
|
|
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|
|
|
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|
54 |
|
Carrying value as of April 1, 2024 |
|
|
171 |
|
|
|
821 |
|
|
|
139 |
|
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|
267 |
|
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|
84 |
|
|
|
1 |
|
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|
1,537 |
|
Capital work-in progress as at March 31, 2025 |
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|
|
|
|
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|
|
|
|
|
|
|
|
119 |
|
Carrying value as at March 31, 2025 |
|
|
173 |
|
|
|
744 |
|
|
|
121 |
|
|
|
268 |
|
|
|
71 |
|
|
|
1 |
|
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|
1,497 |
|
* 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:
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|
(Dollars in millions) |
|
|
|
Land |
|
|
Buildings |
|
|
Plant and
machinery |
|
|
Computer
equipment |
|
|
Furniture
and fixtures |
|
|
Vehicles |
|
|
Total |
|
Gross carrying value as of April 1, 2023 |
|
|
174 |
|
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|
1,407 |
|
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|
625 |
|
|
|
1,037 |
|
|
|
409 |
|
|
|
6 |
|
|
|
3,658 |
|
Additions |
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|
— |
|
|
36 |
|
|
40 |
|
|
112 |
|
|
24 |
|
|
|
— |
|
|
212 |
|
Deletions*# |
|
|
— |
|
|
|
(7 |
) |
|
|
(19 |
) |
|
|
(102 |
) |
|
|
(20 |
) |
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|
— |
|
|
|
(148 |
) |
Translation difference |
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|
(3 |
) |
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|
(25 |
) |
|
|
(9 |
) |
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|
(15 |
) |
|
|
(7 |
) |
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|
— |
|
|
|
(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 |
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|
— |
|
|
|
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 April 1, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55 |
|
Carrying value as of April 1, 2023 |
|
|
174 |
|
|
|
855 |
|
|
|
157 |
|
|
|
328 |
|
|
|
109 |
|
|
|
1 |
|
|
|
1,679 |
|
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 |
|
* During fiscal 2024, certain assets which were not in use having gross book value of $93 million (net book value: Nil), were retired # Proceeds from sale of property, plant and equipment amounted to $31 million, $20 million and $1 million for the year ended March 31, 2026, March 31, 2025 and March 31, 2024 respectively.
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