First self-help group of Singur women start food supply for Tata Motors project
The first self-help group of women from Singur villages today started a canteen to supply food for the Tata Motors Small Car project site.
The West Bengal Industrial Development Corporation (WBIDC), the Hooghly District Central Cooperative Bank (Singur branch), the Hooghly district administration and Tata Motors are providing financial and operational support to the women, who themselves also have invested funds in the canteen. The 25 members of the group had received training under the auspices of the WBIDC at the Institute of Catering Technology and Hotel Management in Kolkata. While 15 of them have started the operation, the other 10 will join the team in a month's time.
The canteen was inaugurated today by Mr. Vinod Kumar, District Magistrate of Hooghly, Mr. Dilip Sengupta, Tata Motors General Manager – HR, and Mr. S. Suryawanshi, HR Manager, and other senior officials of WBIDC were present on the occasion.
The establishment of the women-managed canteen operation is part of the project's ambit to gainfully involve the local community and infuse income generation for the families, by enabling them to provide various items and services which will be required during the construction phase and when the Tata Motors and vendor plants are operational.
Meanwhile, the civil construction on the site, which began on January 21, is progressing apace, with enthusiastic participation of Singur villagers in various unskilled jobs. About 300 people from the villages are engaged on a daily basis. The work at present comprises construction of boundary wall and roads inside the site.
Sourced From: Vaishnavi Corporate Communications Pvt Ltd
Tata Motors stock price
On October 21, 2014, at 09:23 hrs Tata Motors was quoting at Rs 499.30, up Rs 4.80, or 0.97 percent. The 52-week high of the share was Rs 544.50 and the 52-week low was Rs 331.05.
The company's trailing 12-month (TTM) EPS was at Rs 0.08 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 6241.25. The latest book value of the company is Rs 59.58 per share. At current value, the price-to-book value of the company is 8.38.
READ MORE ON Tata Motors , Singur , WBIDC, Hooghly District Central Cooperative Bank, Catering Technology and Hotel Management , Vinod Kumar, Dilip Sengupta, S. Suryawanshi
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