Tata Steel aims to slash costs by Rs 10,000 crore to pare debt, fund growth

Tata Steel is planning cost savings of over ₹10,000 crore in FY26 to support its goals of reducing debt by $1 billion annually while continuing to invest in expansion, said Chief Financial Officer Koushik Chatterjee. The company ended FY25 with a net debt of ₹82,579 crore, higher than the previous year’s ₹77,550 crore.

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