Tata Steel conferred the National Energy Conservation Award 2016
The Bureau of Energy Efficiency, Ministry of Power, Government of India, awarded Tata Steel the First Prize in the Integrated Steel Sector at the National Energy Conservation Award 2016 for its excellence in Energy Conservation and Management.
The award was given by the Hon'ble Minister of State (I/C) for Power, Coal, New and Renewable Energy and Mines, Shri Piyush Goyal on the occasion of National Energy Conservation Day celebrated today (Dec 14, 2016) in New Delhi. Mr. Suresh Kumar, Vice President Shared Services, Tata Steel and Mr. J.P.N. Singh, Chief Power Systems and Energy, Tata Steel received the award on behalf of Tata Steel.
On receiving the award, Mr. Suresh Kumar, Vice President Shared Services, Tata Steel said, “We are delighted to receive this acknowledgement of our efforts in energy conservation and management. This will further reinforce our commitment to this critical area of operational excellence. In view of the expanding economy and substantial increase in demand for energy, it is imperative to be sensitive to energy conservation and to deploy environment friendly practices in operations.”
Mr. J.P.N. Singh, Chief Power Systems and Energy added saying, “The award acknowledges efforts put in by Tata Steel to reduce thermal & electrical consumptions over 5% during the year. Reduction in blast furnace fuel rate and specific power consumption, higher utilisation of by-product gases for steam & power generation, and waste heat recovery have been the primary contributing factors during the year towards achievement of overall reduction in specific energy consumption.”
The mission of the Bureau of Energy Efficiency, a statutory body under the Ministry of Power set-up by Government of India on March 1, 2002, is to assist in developing policies and strategies with a thrust on self-regulation and market principles within the overall framework of the Energy Conservation Act, 2001 with the primary objective of reducing energy intensity of the Indian economy.
About Tata Steel
Tata Steel Group stands among the top global steel companies with an annual crude steel capacity of 28 million tonnes per annum (MnTPA) and a turnover of US $17.69 billion in FY16. It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries. Established in 1907, the Group’s vision is to be the world steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. Having bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, Tata Steel has now been recognised as the global ‘Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index. Besides being one of ‘worldsteel’s’ Climate Action members, it has also been awarded the CII ITC Sustainability Prize, the ‘Best-in-class Manufacturing’ by TIME Award, the Prime Minister’s Trophy for the best performing integrated steel plant, among several others.
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.
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