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Sterlite spending Rs. 100 crore in Thoothukudi

Today in ET the news said this.

Total consolidated revenue for the FY ending Mar 2013 was Rs.48,379 crore.

Thus as per 2013 standard the company is investing around 0.21 % of its revenue  for the Social Infrastructure of Thoothukudi.

Tax paid by Sterlite in 2013 is Rs. 1,618 crore.  That amount is 1600% higher than the Rs.100 core earmarked for this purpose.

Looking at it in another angle, Sterlite is paying an additional Tax.However, instead of routing it through the government, it is directly investing the amount in it's local community.

Just a passing thought.

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