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annual report 2010-11●amount <strong>of</strong> Rs. 2028 crores onRedemption <strong>of</strong> Bonds and Rs. 785.60Crs. as interests on these Bonds).NTC has paid Rs. 248.69 Crs.asOTS to 23 Financial Institutions/Banksunder the Revival Scheme.● The Company has paid Rs. 224crores to EPF/ESI authority & otheroutstanding statutory liabilities.●●The Company has paid Rs. 89 croresas 1% commission as GuaranteeCommission to the <strong>Ministry</strong> <strong>of</strong><strong>Textiles</strong>.The perennially sick company, whichwas running on Governmentbudgetary support <strong>of</strong> Rs. 385 croresfor wages in the year 2001-02, hasbeen brought out <strong>of</strong> sickness, and isgenerating the resources for wagespayment internally.E-AUCTION FOR SALE OF LANDFor the first time in the history <strong>of</strong> NTC,online e-auction <strong>of</strong> sale <strong>of</strong> surplus landhas been introduced with the approval <strong>of</strong>Assets Sale Committee (ASC).●●●2.39 acres land <strong>of</strong> Podar Mill (Processhouse), Mumbai was put on e-auctionfrom 29th to 31st July, 2010. A total<strong>of</strong> 8 parties who had deposited theEMD participated in the online e-auction. As against the reserve price<strong>of</strong> Rs. 250 crores, the highest bidreceived was <strong>of</strong> Rs. 474 crores.The second online e-auction <strong>of</strong> BharatTextile Mills, Mumbai, admeasuring8.37 acres took place from 4th to 6thAugust, 2010. A total <strong>of</strong> 7 partieswho had deposited the requisite EMDparticipated in the online e-auction.As against the reserve price <strong>of</strong> Rs.750 crores, the highest bid receivedwas Rs. 1505 crores.As its third success towards onlinee-auction conducted from 29th 31stDecember, 2010, the company hasbagged Rs. 118.40 crores, againstthe reserve price <strong>of</strong> Rs. 41.27 crores,by sale <strong>of</strong> 8.21 acres <strong>of</strong> plot <strong>of</strong> NewManekchowk Textile Mills,Ahmedabad.PERFORMANCE DURING 2009-10 &2010-11Financial ResultsThe net pr<strong>of</strong>it (loss) for the year 2009-10(audited) 2010-11 (Actuals up to January,2010) and 2010-11 (Projected upto March,2011) has been Rs. 103.15, Crs.(Rs.1819.08 Crs.) and Rs.1873.50 Crs.respectively and the detail are given attable 12.1.ProductionThe production <strong>of</strong> Yarn & Cloth in NTCmills during 2009-10. April-January 2011and expected for the year 2010-11 isgiven at table 12.2.TurnoverThe sales <strong>of</strong> Yarn and Cloth in NTC millsduring 2009-10, 2010-11 (upto January2011) and 2010-11 (Projected upto March,2011) has been Rs. 477.91 Crs. Rs.296.86Crs. and Rs. 650.00 Crs., respectively.Details are given at table 12.3.EmploymentAt the end <strong>of</strong> January 2011, there were8389 employees on roll in NTC Group.Since April 1, 2002 to January 2011,62463 employees have availed VRS andan amount <strong>of</strong> Rs. 2309.06 crores hasbeen paid to them.Employment <strong>of</strong> WomenAt the closing <strong>of</strong> year 2009-10, in NTCGroup there were 34 women employees<strong>of</strong> the rank <strong>of</strong> Assistant Manager andabove against a total <strong>of</strong> 469 <strong>of</strong>ficers.Similarly, there were 629 womenemployees <strong>of</strong> the rank <strong>of</strong> Senior Assistantand below, against a total 5711 employees179
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