December 08, 2017
Tata Steel awarded the Prime Minister's trophy for best performing integrated steel plant
Mumbai: Tata Steel has been awarded the 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 Vice President of India, M Venkaiah Naidu to Anand Sen, President, TQM and Steel Business, Tata Steel, and R Rabi Prasad, President, Tata Workers’ Union at a function held in Hyderabad.
|The Tata team receiving the award from the Vice President of India, M Venkaiah Naidu|
Since the inception of this award in 1992-93, Tata Steel has been recognised as the best integrated steel plant 12 times, won the Prime Minister's Trophy 10 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 panellists. Significant improvement in operational efficiency, reduction in greenhouse emission, digitalisation, corporate social responsibility, city management services and harmonious industrial relations were some of the other areas that were recognised by the eminent jury.
Speaking on the occasion, Mr Sen 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 PV 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 research and development, customer satisfaction, enabling parameters, employee satisfaction index and observation of the panel of judges based on plant visits.