Private sector steel company Tata Steel has gifted its employees a bonus. The company said it would pay a total of Rs 270.28 crore to its employees as an annual bonus for the financial year 2020-2021. According to the statement, an agreement has been signed between Tata Steel and Tata Workers Union for annual bonus payments for the financial year 2020-2021. The company pays a bonus to qualified employees of all applicable divisions or units. The minimum bonus payable is Rs 34,920 and the maximum bonus is Rs 3,59,029.
Company at Profit: Explain that Tata Steel’s profit for the quarter ended June 30, 2021 was Rs 9,768.34 crore. Tata Steel posted a net loss of Rs 4,648.13 crore a year ago.
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The company’s total income for the quarter was Rs. 25,662.43 crore to Rs. 53,534.04 crore. The company costs Rs. 41,397.23 crore compared to Rs 29,116.37 crore in the previous fiscal. Let us tell you that India’s Tata Steel is one of the world’s leading steel producers.