100th Annual Report 2006-2007 - Tata Steel
100th Annual Report 2006-2007 - Tata Steel
100th Annual Report 2006-2007 - Tata Steel
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The bulk cargo berths are being designed to accommodate<br />
upto 180,000 (DWT) vessels. A 62.7 km (route distance) rail link<br />
connecting the Port to the nearest railway station at Bhadrak on<br />
Chennai-Howrah line is included in the project scope.<br />
<strong>Tata</strong> NYK Shipping Pte. Limited<br />
<strong>Tata</strong> NYK Shipping Pte. Ltd., a joint venture shipping company<br />
between the Company and Nippon Yusen Kabushiki Kaisha (NYK<br />
Line) has been set up to cater to dry and break bulk cargo and<br />
subsequently the shipping activities.<br />
Rawmet Ferrous Industries Private Limited<br />
The Company acquired Rawmet Ferrous Industries Private Limited<br />
in Orissa, a Ferro Alloys plant with a capacity of 50,000 tpa of high<br />
carbon ferro chrome. This would supplement the Company’s<br />
existing Ferro Chrome facility at Bamnipal, Orissa.<br />
Subsidiaries<br />
A list of the Company’s subsidiaries is given in Page Nos. 184-185<br />
of this <strong>Report</strong>.<br />
The total revenues of the Company’s subsidiaries increased to<br />
Rs. 9,058.63 crores during <strong>2006</strong>-07 as compared to Rs. 5,481.39<br />
crores during the previous year. This was mainly due to<br />
consolidation of <strong>Tata</strong> <strong>Steel</strong> (Thailand) Public Co. Ltd. (erstwhile<br />
Millennium <strong>Steel</strong>). Profit after taxes for <strong>2006</strong>-07 was Rs. 21.46<br />
crores as compared to Rs. 232.79 crores in the previous year<br />
primarily on account of financing charges in overseas Special<br />
Purpose Vehicles (SPVs) incurred for the acquisition of Corus<br />
Group plc.<br />
Safety<br />
The Company has continued to scale up its safety performance<br />
at all locations with the help from M/s. Dupont Safety Resources.<br />
<strong>2007</strong> has been declared as a ‘Safe Centenary Year’. Safety measures<br />
have been strengthened and employees are being trained to think<br />
on hazards/risks associated with their job. Systems have been<br />
established to make employees responsible and accountable for<br />
safety. Good safety performance is being rewarded. While ‘Safety’ has<br />
been included as a Corporate Value, the main objective is to achieve<br />
world-class standards of safety in the shortest possible time.<br />
Directors<br />
Mr. Subodh Bhargava was appointed on the Board of the Company<br />
with effect from 29th May, <strong>2006</strong> as an Additional Director. The<br />
shareholders subsequently approved the appointment at the<br />
<strong>Annual</strong> General Meeting held on 5th July, <strong>2006</strong>.<br />
<strong>2007</strong> has been declared as a<br />
Safe Centenary Year<br />
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