Tata Steel’s cash and cash equivalents as on March 31, 2014, were Rs 11,373 crore; its net debt was Rs 67,326 crore. “Though the net debt figure was reduced to Rs 67,300 crore in January-March 2014, the capital expenditure guidance for 2014-15 has been raised to Rs 16,000–17,000 crore. The company’s capital expenditure and debt are likely to peak out in 2014-15. Capital expenditure in 2015-16 is expected at…