Tata Steel awarded with Prime Minister’s Trophy for best performing Integrated Steel Plant
~Tata Steel wins the trophy for the assessment year 2014-15 and 2015-16~
Jamshedpur, December 8, 2017: Tata Steel awarded with Prime Minister’s Trophy for ‘Best Integrated Steel Plant’ for the assessment years 2014-15 and 2015-16. This is the third time in a row that the award has been given to Tata Steel. The award was presented by the Hon’ble Vice President of India, Shri M. Venkaiah Naidu to Mr. Anand Sen, President, TQM & Steel Business, Tata Steel and Mr. R Rabi Prasad, President, Tata Workers’ Union at a function held today in Hyderabad.
Since the inception of this award in 1992-93, Tata Steel has been recognised as the best integrated steel plant twelve times; having won the PM’s Trophy ten times and received the Certificate for Excellence twice.
For the year 2014-15 and 2015-16, the Company went through a rigorous assessment by a panel of distinguished judges. Tata Steel’s efforts towards embracing modern technology, ingraining safety culture, creating a world-class plant environment were appreciated by the panelists. Significant improvement in operational efficiency, reduction in green house emission, digitalisation, corporate social responsibility, city management services, harmonious industrial relations were some of the other areas that were recognised by the eminent jury.
Speaking on the occasion, Mr. Anand Sen, President, TQM & Steel Business, Tata Steel said, “We at Tata Steel are privileged to have received this award in recognition of our efforts in pursuit of technological excellence. We believe in delivering on a vision to innovate and implement state-of-the-art technological practices, modern technology and build an environment that is safe for our employees. As a corporate, we are driven by values and the pioneering spirit for developing leading-edge solutions in technology, processes and products. This award would not have been possible without the support of the entire Tata Steel family.”
The Prime Minister’s trophy, instituted in 1992-93 on the suggestion of the then Prime Minister Mr P V Narasimha Rao, recognises the outstanding performance of the integrated steel plants. The award is intended to spur steel plants to achieve international standards of efficiency, quality and economy in their operations
The primary objective of the scheme is to generate a sense of competition among the steel plants so that they continuously benchmark themselves with the best and improve their performances.
As per the recommendations of the Expert Committee and amendments carried out by the Government of India, parameters considered for evaluating the performance of the integrated steel plants are: Steel capacity utilisation, Efficiency of operations, Financial performance, Quality of products, Environment Management, Corporate Social Responsibility, Safety, Thrust on R&D, Customer Satisfaction, Enabling Parameters, Employees’ Satisfaction Index and Observation of the Panel of Judges based on plant visits.
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