Tata Steel had a total debt of Rs 88,501 crore as of March 31, 2021, compared to Rs 1,16,328 crore the previous year.

Synopsis

Strong global demand and high steel prices since last year have increased the company’s cash flow, allowing Tata Steel to continue to reduce debt while seeking to lower the cost of interest and increase profitability. future.

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

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