Annual Report 2007-2008 of Tata Steel

It is a broadly described annual report of Tata Steel in the year of 2007-2008. During the financial year, The Company’s net sales of Rs. 131,536 Crores in the FY 2007-08 against Rs. 25,212 Crores in the FY 2006-07. The total operating expenditure (before interest expenses and depreciation) was at Rs. 113,543 Crores in FY 2007-08 against Rs. 17,762 Crores in FY 2006-07. The interest charges were at Rs. 4,184 Crores in the current financial year against Rs. 411 Crores in the last financial year. The Company’s Profit before taxes Rs. 16,371.06 Crores. Profit after taxes for the year Rs. 12,321.76 Crores.

The Board of Director’s of the company has recommended a Dividend @2% for the year ended 31^st March 2008 on 547,251,605 Compulsorily Convertible Preference Shares (CCPS) of Rs. 100/- each, payable pro-rata from the date of allotment of CCPS i.e. 18^th January 2008.

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