Tata Steel bags Prime Minister's Trophy for Best Performing Integrated Steel Plant
This makes it the third consecutive year for Tata Steel being honored with this coveted award.
Since the inception of this award in 1992-93, Tata Steel has been recognized as the best integrated steel plant 12 times, having won the PM’s Trophy ten times and received the Certificate for Excellence twice.
During the assessment for 2014-15 and 2015-16, the Company went through rigorous assessment by a panel of distinguished judges.
The Prime Minister's trophy, instituted in 1992-93 on the suggestion of the then Prime Minister Mr 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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
