Your Company is committed to the safety of its employees and the people associated with it including, those living in the neighbourhood of its Plants, Mines and Units. India Ratings and M/s Brickwork Ratings, RBI approved Credit Rating Agencies, assigned âCARE AA Outlook: Stable'', âIndia Ratings AA- Outlook: Negative'' and âBWR AA Outlook: Negative'' ratings respectively for SAILs long-term borrowing programme. Further, no amount has been transferred to general reserve during the year under review. total dividend for FY 2020-21 being 28% on equity share capital of the Company. The Board of Directors of your Company has further recommended a Final Dividend of 18%, subject to approval of Members in the ensuing Annual General Meeting of the Company, i.e. Re.1/- per equity share was paid during the month of January, 2021. The net worth of the Company increased to ''43,495 crore as on 31 st March 2021 from ''39,777 crore as on 31 st March 2020.Īn Interim Dividend of 10% i.e.

The debt equity ratio of the Company as on 31 st March, 2021 decreased to 0.87:1 from 1.36:1 as on 31 st March, 2020 primarily due to decrease in borrowings during the year. The Company has hedged the foreign currency risk on Buyers'' Credit and External Commercial Borrowings. The Company had borrowings of ''37,677 crore as on 31 st March 2021 vis-a-vis ''54,127 crore as on 31 st March 2020 in line with INDAS.

There has been significant reduction in the borrowings of the company during the FY 2020-21due to improved cash flows because of increasing steel prices and demand in India. Your Company continued its thrust on judicious fund management with timely repayment of loans including interest, advance planning and action for future fund raising, etc. and higher dividend income, foreign exchange gain and reversal of Covid-19 discount on sub grade iron ore fines. B) Changes in inventories of finished goods, work-in-progress and by-productsĮ) Depreciation and Amortisation expenses

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