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EMPLOYEES
Total Payroll and benefits (EC5)
* Wages & Benefits -Rs.13515.1 Million in
05-06 (Rs.12910 Million in 04-05)
* Early Separation Scheme -Rs. 528 Million
in 05-06 (Rs. 1190 Million in 04-05)
PROVIDERS OF CAPITAL
Distribution to providers of capital broken
down by interest on debts and borrowings,
and dividends on all classes of shares with
any arrears of preferred dividends to be
disclosed (EC6) 1. Interest on debts and borrowings Rs.1184
Million against Rs.1868 Million during
04-05. 2. Dividends - Rs. 8204 Million against Rs.
8214 Million during 04-05. The Board has declared a dividend on
Ordinary Share @ 130% (Rs.13.0 per share)
for the year ended 31.03.06. The dividend
was paid on 553,472,856 Ordinary Shares at
Rs.13.0 per share.
Retained earnings at end of reporting period
(EC7)
Retained earnings are given in Table 4.5. |
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PUBLIC SECTOR
Taxes paid to the Government
(EC8)
The total sum of taxes like
sales tax, excise duty, wealth
tax, etc. paid by the
organization during the
reporting period is Rs. 37390
Million against Rs. 32010
Million during 04-05. A break-up
by region is not available.
Subsidies received (EC9)
The organization has not
received any government subsidy,
tax break, duty drawback,
government benefits, etc. during
the reporting period.
Donations to community, civil
society and other groups (EC10)
The total donations to the
community, civil society and
other groups during the
reporting period were – Rs.75.72
Million against Rs.48.72 Million
during 04-05.
Spent on community
infrastructure development
(EC12)
In the year gone by, it has
rendered service to victims of
the Tsunami and the devastating
floods in Orissa. Through the
Tata Relief Committee, the
Company provided relief to over
10, 000 families by setting up
relief camps and undertaking
rehabilitation and
reconstruction projects
including building 100 ‘in-situ’
houses in the fishermen’s colony
and 800 housing units in
Nagapattinam. Tata Steel in
coordination with the District
Administration responded with
immediate relief services in
four blocks in the Jajpur
District of Orissa when 2400
families were affected by heavy
rainfall in the area.
INDIRECT ECONOMIC IMPACT
Indirect economic impact of
business (EC13)
Tata Steel has not made any
attempt to map and value its
economic externalities, but
recognizes that by virtue of the
nature of its operations there
are several economic
externalities. Tata Steel has
created a township and other
allied infrastructure, which
have created redistribution of
income and benefits. Although
there is no established
methodology to capture the
indirect impact, there are
several institutions and
organizations in and around Tata
Steel supported by the Company
both in terms of skilled
manpower (employees as members,
executives and directors),
sourcing of goods and services
and also financial support.
These organizations employ
thousands of people who are
indirectly benefited by the
organization’s products and
services. Such organizations
include Small Scale Industries,
Rotary Clubs of Jamshedpur,
Lions Clubs of Jamshedpur,
Artificial Limb Fitting Centre,
Arogya Bhawan, 2 Hospitals, 10
English Medium Public Schools,
Transport Nagar, Jamshedpur
Sports Association, Tata Steel
Zoological Society (TSZS), Tata
Steel Rural Development Society
(TSRDS), Tribal Cultural Society
(TCS), Credit Societies, Pay
Roll Savings, RD Tata Technical
Institute, etc.
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