Tata Steel has been adjudged the Best Performing Integrated Steel Plant in India for the year 2011-12 based on the recommendations made by a Panel of Judges that selected companies for the Prime Minister’s Trophy awards for the year 2011-12. With this, Tata Steel has scored maximum marks in overall performance for the fourth consecutive year.
The Company went through several rounds of rigorous assessments during the entire evaluation process for the prestigious award. The enthusiasm and involvement of the company employees during the entire process of assessment was highly appreciated by the Panel of Judges for the Prime Minister’s Trophy.
The Prime Minister’s Trophy was instituted in 1992 by former Prime Minister Late P V Narsimha Rao for excellence in the performance of integrated steel companies. The objectives of instituting these awards for integrated steel plants was to give recognition to outstanding performance in a vital sector of the national economy that draws heavily on national resources of capital and skilled manpower. The awards are intended to spur these major iron & steel producers to achieve international standards of efficiency, quality and economy in their operations.
As per the scheme of the Ministry of Steel, any steel plant that wins the PM’s Trophy Award for a particular year is not given the trophy and the cash award the following year. In turn, the trophy and the cash award are given to the second best steel plant and a Certificate of Excellence is given to the steel plant that gets maximum marks in overall performance.
