Annual Report 2008-2009 of Tata Steel

It is a broadly described annual report of Tata Steel in the year of 2008-2009. During the financial year, The Company’s turnover of Rs. 147,329 Crore (US$ 28,962 million) for the financial year 2008-09, 12% higher than the turnover of Rs. 131,534 Crore (US$ 25,857 million) for the financial year 2007-08. The EBITDA for the Group at Rs. 18,495 Crore (US$ 3,636 million) for the financial year 2008-09 was 1% higher than the EBITDA of Rs. 18,287 Crore (US$ 3,595 million) recorded during the financial year 2007-08. Profit before taxes and exceptional items was Rs. 10,838 Crore (US$ 2,130 million) during the financial year 2008-09 against Rs. 10,036 Crore (US$ 1,973 million) for the financial year 2007-08. Profit after taxes for the year Rs. 4,849.24 Crore.

The Board of Directors of the company has recommended Dividends for the year ended 31^st March 2009, as under:

(i) Rs.2/- per Convertible Cumulative Preference Shares (CCPS) on 547,266,011 CCPS of Rs. 100 each. (2007-08 Re. 0.41 pro rata from the date of allotment i.e. 18^th January 2008) on 547,251,605 CCPS of Rs. 100 each.

(ii) Rs.16/- per Ordinary Share on 730,592,471 Ordinary Shares (2007-08 on 730,584,320 Ordinary Shares @ Rs.16 per share).

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