 "Tata Steel, manufacturing, metals, jobs, workers, labour")
Despite the pandemic stricken challenging business scenario across globe, the country's oldest steel producer, Tata Steel, said on Wednesday that it strengthened its financial position as it reduced net debt by Rs 29,390 crore taking consolidated net debt to Rs 75,389 crore in FY21.
The debt was down by 28 per cent from start of the year, said chairman N Chandrasekaran of Tata Steel. He was addressing shareholders today at the company’s 114th annual general meeting held virtually.
Besides, the board recommended the highest ever dividend in the company’s history of Rs 25 per fully paid up equity share and
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