Tata Steel was awarded the CII-ITC Sustainability Award 2007, for the second time consecutively today in New Delhi. The award was presented to Tata Steel in the ceremony held during Second Sustainability Summit: Asia 2007 on 12th December 2007 at ITC Hotel Maurya, New Delhi. It was received by Mr. Chanakya Chaudhary, Chief Resident Executive, Tata Steel on behalf of Mr. B Muthuraman, Managing Director, Tata Steel.

The CII-ITC Sustainability Award was instituted by CII-ITC Centre for Excellence for Sustainable Development in 2006 with a noble purpose to identify and recognize Indian business for their exemplary performance in economic, social and environmental dimensions. The assessment of the performance was anchored to the European Foundation for Quality Management (EFQM) Excellence Model and methodology evolved in harmony with the approach of the CII Exim Bank Award for Business Excellence.  The award gives equal weight and importance to the process enablers and business results.  The key assessment attributes for the award are; Leadership, Key resources, Internal and External Stakeholder and Partnerships, Processes, Results and Learning & Innovation. 

The desktop review of Tata Steel’s application was followed by site visit at Tata Steel, Jamshedpur and West Bokaro in September 2007 by a team of assessors from CII.  The assessment report was presented to the jury comprising of eminent personalities.

About Tata Steel

Established in 1907 as Asia's first integrated private sector steel company, Tata Steel in 2006 on a combined basis is the world’s sixth largest steel producer in terms of actual crude steel production with geographic footprints in India, South East Asia, UK and Europe. With the recent acquisition of Corus Limited, the combined enterprise has an aggregate crude steel production capacity of around 28.1 million tonnes with approximately 82,700 employees across the four continents.

Tata Steel’s journey over the past hundred years is a fascinating saga of pioneering initiatives in steel making, responsible industrialization with minimal impact on environment and the socio-economic empowerment of the community.  Tata Steel aims to touch more lives through its principles of corporate sustainability as it continues to grow and globalize.

*The Company is proposing, subject to market conditions and other considerations, an offer on a rights basis of its equity shares and cumulative convertible preference shares and has filed a Draft Letter of Offer with SEBI and the stock exchanges. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at www.jmfinancial.in, www.citibank.co.in and www.dspml.com”