SAIL aims to cut net debt by Rs 20,000 crore in next few months


At the end of the first quarter of the current fiscal SAIL’s net debt stood at Rs 30,000 crore, down from Rs 35,000 crore at the fiscal end. “We will try to bring down our net debt to Rs 15,000- 20,000 crore in a couple of months but much depended on the movement of steel prices,” Mondal said.