Tata Steel Can Pay Off $ 1 Billion Offshore Loans Before Cash Flow Increases

Tata Steel is considering prepaying up to $ 1 billion (Rs 7,315 crore) in foreign loans, taking advantage of a commodity price supercycle that has boosted the company’s cash position, three people with knowledge of the matter told ET. . The country’s oldest and largest steel mill has already reduced its debt by more than $ 3 billion in the last three years. Strong global demand and high steel prices since last year have increased the