Rs. 60.737 Billion (03-04) / Rs.52.774 Billion (02-03). Reported figure for 02-03 was Rs.26.2 billion which is corrected now.

EC 4 Contracts paid in accordance with agreed terms, excluding agreed penalty arrangements

100% of the contracts were paid in accordance with the contract terms during the reporting year.

EC 11 Our Suppliers

A total sum of Rs.60.737 Billion was paid to the suppliers and service providers during reporting period. A few of these suppliers are; BOC India for Oxygen supply, ITW Signode for packaging, JAMIPOL for carbide injection powder, TAYO for Rolls, Tata Ryerson for conversion of flat products, Adhunik Steel for reclaiming waste material, Man Singh & Co. for construction and material handling, Tata Refractories for supply of refractories. The break up of payment segment wise is given in Figure-4.1

EC 5 Total Payroll and benefits

EC 6 Distributions 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

1. Interest on debts and borrowings Rs.2.306 Billion against Rs.3.522 Billion during 02-03.
     
2. Dividends - Rs.3.690 Billions against Rs.2.952 Billion during 02-03.

The Board has declared a dividend on Ordinary Share @ 100% (Rs.10.0 per share) for the year ended 31.03.04. The dividend will be paid as follows.

On 368,981,904 Ordinary Shares at Rs.10.0 per share (02-03:Interim dividend on 368,981,904 Ordinary Share at Rs.8.0 per share). Directors have recommended an issue of bonus shares in the ratio of one ordinary share for every two existing ordinary shares of the company hale by the members, by capitalising a part of Securities Premium Account to the extent of Rs.184.49 crores.