Annual Report 2010-2011 of Tata Steel

It is a broadly described annual report of Tata Steel in the year of 2010-2011. During the financial year, The Company’s turnover for the Group in 2010-11 at Rs. 118,753 Crores, was 16% higher than 2009-10 (Rs. 102,393 Crores). The Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) of the Group increased significantly from Rs. 9,340 Crores in the fiscal year 2009-10 to Rs. 17,103 Crores in the financial year 2010-11. Consequently, the Group turned around with a Profit after Tax for 2010-11 at Rs. 8,983 Crores as compared to a loss of Rs. 2,009 Crores in 2009-10. The authorized share capital of the Company was increased from Rs. 8,000 Crores to Rs. 8,350 Crores by the creation of a new class of Capital viz. 35,00,00,000 ‘A’ Ordinary Shares of Rs. 10/- each aggregating to Rs. 350 Crores.

The Board of Directors of the company has recommended a dividend of Rs. 12/- per Ordinary Share on 95,92,14,450 Ordinary Shares (2009-10: Rs. 8/- per Ordinary Share on 88,72,14,196 Ordinary Shares of Rs. 10/- each) for the year ended 31^st March 2011.

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