100th Annual Report 2006-2007 - Tata Steel

It was 1956. The company was faced with the task of raising the largest amount
of money in its fifty years of existence - Rs. 120 crores or $250 million over a period of five years.
Only a third of this amount could be met from retained earnings and other internal resources. A new issue of equity
shares brought in a little over Rs. 13 crores, local borrowings another Rs. 15 crores; for the balance including the
bulk of its foreign exchange requirements, the company obtained $107.5 million or about Rs. 52 crores from the
International Bank for Reconstruction and Development, inclusive of a participation of $17 million by a group of
Commercial Banks in the US and Canada. The fact that this was the largest industrial loan (as of then) granted by
the World Bank and the largest loan ever granted for any purpose in Asia, bears testimony to the financial strength
and stability of the steel company and the soundness of its expansion plans.
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Tata Steel has paid uninterrupted dividend
since 1935-36.
160
155%
140
130%
120
100
80
60
40
20
0
8%
35-36
39%
40-41
31%
24% 25%
14% 14% 16% 11% 10% 15%
45-46
50-51
55-56
60-61
65-66
70-71
75-76
80-81
85-86
45%
31%
90-91
95-96
50%
00-01
05-06
07-08
Tata Steel’s relationship with
its shareholders is based on
transparency, governance and
trust. The company’s shareholder
communication has evolved
over the century from the
simple printed form to the latest
interactive, online annual report.
Rs. 75 per share Rs. 100 per share Rs. 10 per share
Note : Rs. 75 upto 1975-76, Rs. 100 from 1976-77 and Rs. 10 from 1989-90
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