Tata Steel announces Rs 270 crore annual bonus for 2020-21

Tata Steel has announced an annual bonus of Rs 270 crore for the account year 2020-21 to eligible employees.

Private steel major Tata Steel will pay a total of Rs 270.28 crore as annual bonus for the accounting year 2020-2021 to its eligible employees of all applicable division /units of the company, a release said. A Memorandum of Settlement was signed on Wednesday between Tata Steel and the Tata Workers’ Union, for payment of annual bonus for the accounting year 2020-2021, the release issued by the company said.