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Reporting Period (2.11)
1st April 2005 31st March 2006 (Fiscal
Year)
Most recent previous
report (2.12)
1st April 04 31st March 05
(report was made available on the Tata Steel
Website in December 2005)
Boundary of report (2.13)
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Entities included in
scope of report are all units of Tata
Steel in India. Economic performance of
TIS Group Companies is furnished on page
EC-4 under Economic Performance.
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Divisions included in
scope of report include Steel Division,
Mines Division, Agrico, Tubes, and
Bearings Division, Collieries at West
Bokaro & Jharia, Town Division (JUSCO),
CRC West & Wire Division
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All products and
services have been included.
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All associated
companies, subsidiaries, ancillary
industries, have been excluded.
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Scope of report
includes economic, environment and
social performance.
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Any limitation on
reporting scope has been delineated at
appropriate locations.
The environmental impact
for Head Office, Marketing Offices, Service
Centers, and Retail Outlets have been found
to be negligible after detailed analysis and
hence not included in the report.
Significant changes since
the previous report (2.14)
Capital Projects
Planning for a 1.8 million tonne expansion
at Jamshedpur has been completed. Major
equipment has been ordered. Planning for
further expansion at Jamshedpur is in
progress. The new projects at Orissa for a 6
million tonnes steel plant, at Chhattisgarh
for 5 million tonnes and at Jharkhand for 12
million tonnes are at various stages of
planning.
Mergers, Acquisitions,
Alliances, Joint Ventures, Spin Offs and
Divestments
Millennium Steel Public Company Limited
The Company acquired 67.11% of equity stake
in Millennium Steel, Thailand at a cost of
approximately Rs.7800 Million during the
year. Millennium Steel is one of the largest
steel companies in Thailand with a capacity
of 1.7 mtpa, producing long products for
construction and engineering steel for auto
industry.
BlueScope Steel Limited,
Australia
The Company has signed a Joint Venture
Agreement with BlueScope Steel Limited,
Australia in November 2005, for the
manufacture of color coated coils and
pre-engineered buildings to be used in the
building solution business. The
manufacturing facility to be set up at
Jamshedpur will have a production capacity
of 0.25 mtpa of zinc and aluminum coated and
0.15 mtpa of color coated coils. The
building solution business would have
manufacturing facilities at Delhi, Pune and
Chennai.
Tata Steel KZN Pty Ltd.,
South Africa
A subsidiary company in the name of Tata
Steel KZN Pty. Ltd. has been established in
South Africa for setting up a Ferro Chrome
Project at Richards Bay, South Africa to
produce 0.12 mtpa of high carbon ferro-chrome.
Reporting on joint
ventures, partially owned subsidiaries
(2.15)
This report does not include these entities
in its scope except for JUSCO the erstwhile
Town Division of Tata Steel that is a fully
owned subsidiary of Tata Steel Limited.
Nature and effect of any
re-statements of information (2.16)
There is no restatement of any information
provided earlier in this report. |
