Debt financing
Two infra units of Tata Group plan bond sales
Mumbai-based infrastructure units of Tata Group - Tata Steel and Tata Projects - are preparing to return to the corporate bond market after a 15-month hiatus.Tata Steel is considering raising INR 3,000 crore through the sale of five-year bonds. The firm currently manages over INR 15,000 crore in outstanding bonds and has a maturity of INR 1,000 crore approaching in October.Tata Projects is evaluating a plan to raise between INR 500 crore and INR 1,000 crore through a mix of three-year and five-year papers.
For FY25, Tata Steel had reported about INR 132,517 Cr in Operating Income and about INR 13,970 Cr in PAT.For FY25, Tata Projects had reported about INR 16,363 Cr in Operating Income and about INR 751 Cr in Net Loss.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
