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Despite Covid-19, Tata Steel to pay Rs 235-cr bonus to employees for FY20

The memorandum was signed by Tata Steel CEO and Managing Director T V Narendran and TWU President R Ravi Prasad

tata steel
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Tata Steel has reported losses in the past two quarters.

Press Trust of India New Delhi
Tata Steel on Monday said it will pay Rs 235.54 crore in bonus to its employees for FY2019-20.

A Memorandum of Settlement was signed on Monday between the management of Tata Steel and Tata Workers' Union (TWU) for the payment of the annual bonus, Tata Steel said in a statement.

The memorandum was signed by Tata Steel CEO and Managing Director T V Narendran and TWU President R Ravi Prasad, it said.
"Rs 235.54 crore bonus declared for accounting year 2019-20. Despite a

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