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