100th Annual Report 2006-2007 - Tata Steel

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Management Discussion and Analysis Mechanism) Projects for availing carbon credit, which are at various stages of approval and implementation. The expected reduction of CO 2 emission from these projects is more than 1.1 million tonnes/annum. The Company is committed to introduce state-of-the-art technology in its modernisation and expansion programme at Jamshedpur and at other green field projects. The pollutant discharges from these plants will confirm to the International Standards. The Company has recently published its 6th Corporate Sustainability Report for the year 2005-06. The Company takes pride in being the only Indian company included in the “Sustainability Biennial Benchmark Survey 06-07” of the top hundred Global Corporate Sustainability Reporters. Corporate Sustainability Management is integrated in the business process of the Company to meet the future challenges of sustainable growth. V) Industrial Relations and Human Resource Management Industrial relations remained normal at all locations. The men on roll in the Company as on 31st March, 2007 were 37,205 as compared to 38,182 as on 31st March, 2006. The development of human resources is a key strategic challenge in order to prepare people for future responsibilities in terms of professional skills as well as business skills. The Company is investing in the modernisation of the plant and training of manpower for upgrading their skills. Further, it is planned to redeploy the surplus manpower to various greenfield projects being undertaken. VI) Awards The Company received the following awards and recognitions during the year:- • Prime Minister's Trophy for Best Integrated Steel Plant for the Fifth Time Ranked as No. 1 in 2006 Indian Make Survey • IT User Category Award in Orissa • West Bokaro Division Honoured By National Energy Conservation Award • Mother Teresa Award For Corporate Citizen 2005 • Civil Society Award by UNAIDS Kolkata • First Prize for Overall Performance in its Noamundi Iron Ore Mine • Best Governed Company Award By Asian Centre For Corporate Governance Cautionary Statement Statements in the Management Discussion and Analysis describing the Company’s objectives, projections, estimates, expectations may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company’s operations include economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in the Government regulations, tax laws and other statutes and incidental factors. 112
Highlights 2006-07 2005-06 Rupees Rupees Crores Crores Gross revenue .............................................. 20196.24 17398.98 Profit before taxes ........................................ 6261.65 5239.96 Profit after taxes .......................................... 4222.15 3506.38 Dividends (including Tax on Dividends) ......... 1104.33 820.43 Retained earnings ........................................ 3937.11 3461.05 Capital employed ......................................... 25394.97 14363.89 Net worth ..................................................... 13893.62 9502.03 Borrowings ................................................... 9545.33 2516.15 Ratio Ratio Net Debt : Equity .......................................... (0.12) 0.02 Net worth per Share as at year end ............. Rupees 239.35 Rupees 171.68 Earnings per Share * .................................... Rupees 73.76 Rupees 63.35 Dividend per Share ....................................... 155% 130% Employees (Numbers) .................................. 37,205 38,182 Shareholders (Numbers) ............................... 674,184 540,436 * Calculated on Effective Capital during the year. 113
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A Century of Trust 100th Annual Rep
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Tata Steel is Asia’s first and In
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Redefining steel with world-class p
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in a manner that ring-fences the Co
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Board of Directors Mr. R. N. Tata C
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The state-of-the-art Hot Strip Mill
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Distribution of Revenue 2006 - 2007
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1907-2007 JRD Tata with Pandit Jawa
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1907-2007 Tata Steel’s state-of-t
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This photograph taken by a Tata Ste
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Profit Sharing Bonus was granted fo
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A modern swimming pool at the G Tow
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steeljunction in Kolkata - India’
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Tata Steel has introduced high-end
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Tata Structura is a new-age constru
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Shareholder interaction at an Annua
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Within three weeks of the announcem
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It was 1956. The company was faced
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Community and environment : Improvi
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A Critical Care Unit, in the 850-be
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The Tata Steel Family Initiatives F
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The Tata Steel works, mines, collie
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An aerial view of the planned indus
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The Cold Rolling Complex at Jamshed
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1933 Two new roughing and finishing
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From the early days, the Tata Steel
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Production Highlights • The best
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Aspire with T3 With the objective o
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Operational Highlights NSA increase
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was above the average total score o
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Blast furnaces at Corus’ integrat
Page 63 and 64: Corus produces strong, light steel
Page 65 and 66: Corus is British Triathlon’s main
Page 67 and 68: Review of Corporate Sustainability
Page 69 and 70: TSRDS focused on popularising repro
Page 71 and 72: Centenary Year The founder, Jamsetj
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Page 75 and 76: convertible preference shares and a
Page 77 and 78: expansion of crude steel making cap
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Page 83 and 84: Annexure 'A' to Directors’ Report
Page 85 and 86: Form - B Form for disclosure of par
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Page 89 and 90: Particulars of technology imported
Page 91 and 92: Management Discussion and Analysis
Page 93 and 94: of 8%. In 2006, China produced 422.
Page 95 and 96: The Company plans to achieve these
Page 97 and 98: I. Strategic Rationale for acquisit
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Page 103 and 104: Sales of manganese ore in the domes
Page 105 and 106: d) Payments and Provisions to Emplo
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Page 109 and 110: The Company generated EVA of Rs. 2,
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Page 125 and 126: Cash Flow Statement for the year en
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Page 143 and 144: SCHEDULE M : NOTES ON BALANCE SHEET
Page 163 and 164: Balance Sheet Abstract and Company'
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CAPITAL ACCOUNTS Financial Statisti
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Financial Ratios 2006-07 2005-06 20
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Name Category No. of Whether No. of
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the Tata Code of Conduct, which req
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Shareholding of the Directors in th
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Committees In addition to the above
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employees to report concerns about
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Market Information Market Price Dat
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Distribution of Shareholding Number
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Address for Correspondence : Tata S
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Certificate To the Members of TATA
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Statement pursuant to Section 212(8
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4. Subject to the matters referred
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Consolidated Profit and Loss Accoun
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Consolidated Cash Flow Statement fo
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Schedule forming part of the Consol
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Schedules forming part of the Conso
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SCHEDULE N : NOTES TO THE CONSOLIDA
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The Dimna reservoir near Jamshedpur
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100th Annual Report 2006-2007 - Tata Steel

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