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The year that was
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The year that was

   
Ranked World's Best Steel Maker - World Steel Dynamics
   
Consolidated gross turnover crosses Rs. 22,000 crores
   
Acquisition of Millennium Steel, Thailand
   
1 MTPA expansion completed. 1.8 MTPA expansion launched
   
Reduction in domestic clean coal ash content by 1.2% enables lower usage of imported coal from 46% in FY05 to 32% in FY06, resulting in an overall reduction in cost of manufacturing coke.
   
Standard and Poor's upgrades Tata Steel to 'BBB'- two notches above India's sovereign rating
   
Equity participation in coal mines - Australia
   
steeljunction - an innovative initiative
   
Tata Structura launched


Other highlights (Consolidated)

  2005-2006 2004-2005
Turnover Rs. 22518.75 crores Rs. 17596.96 crores
Profit After Tax Rs. 3734.62 crores Rs. 3603.26 crores
Net Debt/Equity 0.31 0.57
Return on Equity 44% 62%
EVA spread Rs. 2536 crores Rs. 2448 crores
Earnings per Share Rs. 67.62 Rs. 65.27

Tata Steel has surpassed the 5 MT milestone in hot metal production during the year. The 'G'Blast Furnace has enhanced its productivity to 5000 tonnes per day after its revamp.
The innovation of rubber covered rolls with modified formulations in the Continuous Galvanising Line (CGL) #1 has yielded beneficial results and increased galvanised production to 0.52 MTPA.