Jamshedpur, Jan. 7: Tata Steel has been declared as the winner of Prime Minister’s Trophy for being the ‘Best Performing Integrated Steel Plant’ in the country for the performance year 2013 Ė 2014. This Award has been conferred on the Company for the eighth time.
In addition it has also received Certificate for Excellence twice and Steel Minister’s Trophy once, since this trophy was instituted in 1992-93.
The Company went through three rounds of rigorous assessment, adjudged by a panel of distinguished judges. The enthusiasm and involvement of its employees including the Union Leadership team was highly appreciated by the panel of judges for the Prime Minister’s Trophy, reaffirming the core strength of Tata Steel – its skilled and motivated workforce that has a will to excel.
Tata Steel has always strived to set the benchmark of excellence in efficiency, quality and sustainability in all itís operations.
The Prime Minister’s trophy, instituted in 1992-93 on the suggestion of the then Prime Minister P V Narasimha Rao, recognizes 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 utilization, 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.