Annual Report 2006-2007 of Tata Steel

It is a broadly described annual report of Tata Steel in the year of 2006-2007. During the financial year, The Company’s Turnover (excluding Corus) up by 23% at Rs. 27,437 Crores (USD 6,311 million). Consolidated EBITDA (excluding Corus) up by 20% at Rs. 7,888 Crores (USD 1,815 million). Operating profit was higher by over Rs. 1,000 Crores at Rs. 6,973 Crores (2005-06: Rs. 5,938 crores), an increase of 17% over the previous year. Net interest charges were higher at Rs. 174 Crores (2005-06: Rs. 125 Crores). The profit before tax rose by 20% to Rs. 6,262 Crores (2005-06: Rs. 5,240 Crores). Net Profit after taxes was higher at Rs. 4,222 Crores (2005-06: Rs. 3,506 Crores), an increase of 20% compared to the previous year.

The Board of Director’s of the company has recommended a dividend @130% (Rs. 13/- per share) and a special dividend @25% (Rs. 2.50/- per share), subject to the approval of the shareholders at the Annual General Meeting, for the year ended 31^st March 2007.

More Annual Report of Tata Steel: