Once again, eighth time in a row, Tata Steel Limited clinched the Prime Minister's Trophy for being the ‘Best Performing Integrated Steel Plant' in the country for its performance during 2010 - 2011.
Prime Minister Narendra Modi gave away the trophy to T V Narendran, Managing Director, India and South East Asia, Tata Steel, at Rourkela today. After receiving the award, an elated Narendran said "It has always been our endeavor to set the benchmark of excellence in efficiency, quality and sustainability in all our operations. This award will greatly motivate us to create higher benchmarks in the steel industry, and to make a meaningful contribution to society and the nation."
Congratulating the management and employees of Tata Steel, Modi expressed confidence in the company and its management, considering them as partners in his ‘Make inIndia' mission for the nation stating the company as being true nation builders.
Before coming out as the best player, the Company went through three rounds of rigorous assessment, adjudged by a panel of distinguished judges. The enthusiasm and involvement of its employees, the skilled and motivated workforce with a will to excel won over the panel of judges.
The Prime Minister's trophy, instituted in 1992-93 on the suggestion of the then Prime Minister 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.
Based on experts' suggestions, 13 main parameters including steel capacity utilisation, efficiency of operations, performance parameters, environment management, corporate social responsibility, and employees' satisfaction are evaluated to adjudge performance of the integrated steel plants.
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