Tata Steel was conferred "The Company of the Year" Award by The Economic Times in a glittering ceremony held at Mumbai on August 11, 2001. The award was presented by the Hon'ble Finance Minister of India, Mr Yashwant Sinha and was received by Managing Director, Mr B Muthuraman on behalf of the company.

The race for the company of the year was a closely contested one but the award was finally given to Tata Steel in recognition of its significant turnaround in the face of enormous odds, painlessly reducing its workforce and becoming highly cost efficient.

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