Tata Steel may pay $1 billion offshore loans early as cash flow surges
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Update time : 2021-06-07 17:45:12
Tata Steel is considering prepaying up to $1 billion (Rs 7,315 crore) of foreign loans, taking advantage of a commodity price super cycle that has boosted the company’s cash position, three people with knowledge of the matter told ET. The nation’s biggest and oldest steelmaker has already cut its debt by more than $3 billion in the past three years. Strong global demand and high prices for steel since last year have increased the company’s
