100th Annual Report 2006-2007 - Tata Steel

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Domestic Operations Projects • The country’s first automated Jigging & Hydrocyclone Plant was installed to effectively use iron ore fines, thereby conserving prime natural resources, reducing Coke consumption and increasing the productivity of blast furnaces. The capacity of the plant is about 300 tonnes per hour or 1.6 mtpa throughput. • The Dhamra Port Company Limited (DPCL), a 50:50 joint venture company of Larsen & Toubro Limited (L & T) and Tata Steel will develop an all-weather deep port at the mouth of Dhamra river. The port will have 13 berths to handle over 83 million tonnes of cargo per annum and will also include a 62-km rail connectivity. • Tata Steel has acquired 100% equity stake in Rawmet Ferrous Industries Private Limited having a Ferro Alloy Plant consisting of two 16.5 MVA semi closed electric arc furnace with a capacity of producing around 50,000 tonnes per annum of High Carbon Ferro Chrome. Brands • Turnover of all branded products increased by 20% from Rs. 3,848 crores in FY 05-06 to Rs. 4,604 crores in FY 06-07. • Tata Tiscon became the largest branded Rebar player in India with 50% increase in sales from Rs. 784 crores in FY 05-06 to Rs. 1,175 crores in FY 06-07. • Sales of Tata Shaktee increased 21% from Rs. 653 crores in FY 05-06 to Rs. 788 crores in FY 06-07. • Tata Structura recorded a phenomenal growth with a turnover of Rs. 211 crores in its first full year. • Tata Shaktee won the Best Long-term Rural Marketing Initiative Award by the Rural Marketing Agencies Association of India. Tata Steel’s latest H blast furnace will produce 2.5 mtpa of hot metal on completion. • Tata Bearings bagged the Zero PPM award from Toyota Kirloskar Motors Limited for the third year in succession. • “steeljunction” was awarded the Best Retail Concept of the year at the India Retail Forum 2006.
Production Highlights • The best ever production of Hot Metal (5.55 mt), Crude Steel (5.05 mt) and Works Saleable Steel (4.93 mt) was recorded in FY 07. • Tata Steel crossed the 5 million tonne mark making the Jamshedpur works the single largest crude steel producer in the country. • The new Bar Mill, the fastest of its kind in the world, achieved its rated capacity of 50,000 tpm. • Gross production at the Hot Strip Mill touched 3.24 mt production in FY07 (3.086 mt in FY06). • The Cold Rolling Mill produced a record 1.52 mt against a rated production capacity of 1.2 mtpa. • Flat products recorded the highest ever Auto Sales at 8,56,881 mt (29% increase from last year) • Domestic sales of Long Products increased by 27% over last year even as the market grew by only 8% in India. • Wire Rod Mill (E), as per the BSE database, has been rated among the best long product plants in the world in terms of cost of production and availability. Information Technology Information Technology Services (ITS) creates business value by IT enabling business processes for sustenance, growth & globalisation. Some major projects undertaken during the year: • Implementing Supply Chain Management system using i2 for Flat Products. • Migration of systems from IBM mainframe and shutdown of the mainframe will result in recurring savings of Rs. 4.5 crores p.a. • IT support for TOC implementation across 11 EPAs and 126 distributors. • Design and implementation of Simplified Drum Buffer Rope based Order Promising System for Wires and Tubes Division. • Business process improvement for NatSteel Asia (Singapore), Tata Steel Thailand and Tata Steel (India). • Implementing SAP at SIW (Thailand), Tata Bluescope and a Wires Division plant. • For the fourth consecutive year, 13 months’ production was achieved in 12 months at the Precision Tube Mill. Awards and Recognition • ISO 27001 certification for Information Security (2007). • SAP-ACE Award for Customer Excellence for Best Process Sector implementation (Mill Products) category (2006). 51
Page 1 and 2: A Century of Trust 100th Annual Rep
Page 3 and 4: Tata Steel is Asia’s first and In
Page 5 and 6: Redefining steel with world-class p
Page 7 and 8: in a manner that ring-fences the Co
Page 9 and 10: Board of Directors Mr. R. N. Tata C
Page 11 and 12: The state-of-the-art Hot Strip Mill
Page 13 and 14: Distribution of Revenue 2006 - 2007
Page 15 and 16: 1907-2007 JRD Tata with Pandit Jawa
Page 17 and 18: 1907-2007 Tata Steel’s state-of-t
Page 19 and 20: This photograph taken by a Tata Ste
Page 21 and 22: Profit Sharing Bonus was granted fo
Page 23 and 24: A modern swimming pool at the G Tow
Page 25 and 26: steeljunction in Kolkata - India’
Page 27 and 28: Tata Steel has introduced high-end
Page 29 and 30: Tata Structura is a new-age constru
Page 31 and 32: Shareholder interaction at an Annua
Page 33 and 34: Within three weeks of the announcem
Page 35 and 36: It was 1956. The company was faced
Page 37 and 38: Community and environment : Improvi
Page 39 and 40: A Critical Care Unit, in the 850-be
Page 41 and 42: The Tata Steel Family Initiatives F
Page 43 and 44: The Tata Steel works, mines, collie
Page 45 and 46: An aerial view of the planned indus
Page 47 and 48: The Cold Rolling Complex at Jamshed
Page 49 and 50: 1933 Two new roughing and finishing
Page 51: From the early days, the Tata Steel
Page 55 and 56: Aspire with T3 With the objective o
Page 57 and 58: Operational Highlights NSA increase
Page 59 and 60: was above the average total score o
Page 61 and 62: 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
Page 73 and 74: esulting in a reduction in consumpt
Page 75 and 76: convertible preference shares and a
Page 77 and 78: expansion of crude steel making cap
Page 79 and 80: The bulk cargo berths are being des
Page 81 and 82: Corporate Governance Pursuant to Cl
Page 83 and 84: Annexure 'A' to Directors’ Report
Page 85 and 86: Form - B Form for disclosure of par
Page 87 and 88: 6 am 2 pm 12 noon 10 am 8 am 8 pm 6
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
Page 99 and 100: Steelium (India’s first branded c
Page 101 and 102: The “G” Blast Furnace in Jamshe
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Sales of manganese ore in the domes
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d) Payments and Provisions to Emplo
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m) Stores and Spare Parts and Stock
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The Company generated EVA of Rs. 2,
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Business and Operational Risk The m
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• Raising cost efficient funds fo
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Highlights 2006-07 2005-06 Rupees R
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Auditors’ Report TO THE MEMBERS O
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(b) In our opinion and having regar
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(xii) In our opinion and according
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Profit and Loss Account for the yea
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Cash Flow Statement for the year en
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Schedule forming part of the profit
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Schedule forming part of the balanc
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Schedules forming part of the balan
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SCHEDULE M : NOTES ON BALANCE SHEET
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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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