URANIUM CORPORATION OF INDIA LIMITED - (UCIL).....

1.4 MOU Performance :
Performance of your company, in terms of the Memorandum of Understanding signed with the
Department of Atomic Energy, Government of India, was rated as VERY GOOD during the
year 2005-06.
2.0 Dividend and Transfer to Reserve :
Your Directors are pleased to recommend dividend of Rs.700.00 Lakh on the paid up capital of Rs.
69094.28 lakh as against Rs.800.00 Lakh in the previous year on paid up capital of Rs. 65989.28 lakh.
Accordingly, an amount of Rs.700.00 lakh has been transferred from the profit of the year to the
General Reserve and a provision of Rs.118.97 lakh has been kept towards tax on dividend in the
accounts for the year 2006-07.
3.0 Share Capital :
During the year, the authorized share capital of the company was Rs.1000.00 Crore and the subscribed
share capital stood at Rs. 712.65 Crore as on 31.03.2007.
4.0 Conservation of Energy/Technology Absorption, Adaptation, Innovation and Foreign Exchange
used and earned :
Information in accordance with the provision of Section 217 (1) (e) of the Companies Act, 1956 read
with the Companies (Disclosure of particulars in the Report of the Board of Directors) Rules, 1988,
regarding the conservation of energy, technology absorption and foreign exchange used and earned
is given in the Annexure to this Report.
5.0 Industrial Relations :
Harmonious industrial relations prevailed in all units of your Company during the year. Your
company continued its efforts on constructive participation approach of workers’ representatives
in all issues relating to Welfare, Promotion, Administration, House Allotment etc. Regular meetings
were held between the Management of your company and the workmen represented by the
recognized trade unions to discuss and settle all issues amicably with mutual trust and
understanding.
6.0 Manpower :
Total manpower strength of your company as on 31 st March 2007 was 4276. During the year, 178
persons were recruited in Group A, B, C & D and thirty-two employees were relieved under
Voluntary Retirement Scheme. The overall representation of Scheduled Castes & Schedules Tribes
in your company was 431 and 1635 respectively, which constituted about 48.32% of the total strength
of the company. There were 49 Ex-Servicemen and 19 Physically Handicapped persons on the rolls
of the company as on 31.03.2007. Constant efforts were made to fill up the quota for the reserved
categories as laid down in the government guidelines.
7.0 Workers’ Participation in Management :
Harmonious industrial relations of your company are the outcome of its participative management
approach. As a part of this, meetings of Shop Councils were held regularly. During the period
under review, 35 meetings of Shop Councils were held. Employees had been given representation
on the Board of Trustees on Provident Fund, Gratuity Fund, Death Benefit Fund, Karmachari
Pariwarik Sahayata Yojana, Welfare Fund Scheme, Co-operative Credit Society etc. They also
participated as members of other forums viz., Safety Committee, Canteen Managing Committee,
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