Tata Steel To Clear Off Rs 300 Crore Loan

Tata Steel, the only profit making steel maker in the country, has decided to repay loans of Rs 300 crore during the current year. The company is also looking at substituting a part of its high-cost debt with low-cost borrowings.

This is in line with the trend of companies taking advantage of the prevailing low interest rates.

R C Nandrajog, vice-president (finance), said,