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Tata Steel embarks on promising debt reduction journey

Tata Steel embarks on promising debt reduction journey Even after spending Rs 6,979 crore as capital expenditure Tata Steel generated a free cash flow of Rs 23,748 crore in the last financial year. It made a net borrowings repayment of Rs 30,560 crore Nevin John | May 10, 2021 | Updated 23:22 IST One more good year of high demand and lucrative margin will change the fortune of Tata Steel, which has reduced nearly Rs 30,000 crore debt in 2020-21. The steelmaker, which has been struggling with i...
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