Tata Steel to focus on positive free cash flow in FY21: Chandrasekaran

With consolidated net borrowings of Rs 1,04,779 crore as on March 31, 2020, the company is also looking to bring down the debt level in the current fiscal

Tata Steel will focus on generating free cash flows this financial year, Natarajan Chandrasekaran, chairman of Tata Steel, told shareholders on Thursday. 

“April and May have been tough for the company but the management is focused on having positive free cash flows this year, and is working towards it,” he said. 

Chandra, as he is popularly called, was speaking at the 113th annual general meeting (AGM) held virtually. Shareholders remained concerned over dwindling earnings of the firm’s India operations, given that the country was under lockdown during the beginning of FY21. A total of 589 shareholders attended the AGM. “We aim to