New Delhi, June 5 -- Tata Steel plans to completely repay its overseas debt over the next two years using internal cash flows as it continues to prioritize deleveraging while pursuing measured growth, a company spokesperson said.

As of FY26, overseas debt accounted for 18% of Tata Steel's total debt of Rs.92,382 crore, translating to Rs.16,629 crore, the spokesperson said in an emailed response to Mint. The figure includes both term debt and working capital borrowings across the company's businesses.

The company has significantly reduced its exposure to foreign currency borrowings over the past five years. Until FY21, around half of its borrowings were denominated in foreign currencies. By the end of FY26, that share had fallen to 18%....