Annual Report 2005-2006 of Tata Steel

It is a broadly described annual report of Tata Steel in the year of 2005-2006. During the financial year, The Company’s Net Profit after taxes at Rs. 3,506.38 Crores was marginally higher in comparison to previous year. Operating profit was marginally lower at Rs. 5,931.51 Crores as against Rs. 6,045.36 Crores in the previous year. Net interest charges were also correspondingly lower at Rs. 118.44 Crores (2004-05: Rs. 186.80 Crores). Profit before taxes was lower at Rs. 5,239.96 Crores (2004-05: Rs. 5,297.28 Crores).

The Board of Director’s of the company has recommended a dividend @130% (Rs. 13/- per share) subject to the approval of the shareholders at the Annual General Meeting for the year ended 31^st March 2006.

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