Hewitt had examined the variables that primarily contribute to a leader’s growth in an organisation. This includes developmental experiences, compensation, senior management leadership interaction, organisational culture, succession-planning processes and the like. Companies from seven markets in the Asia Pacific participated in the 2003 study. Wipro Limited, India, is rated as the top company in the region.

Mr Niroop Mahanty receives the Leadership Award on behalf of Tata Steel

The study explores the efforts of companies that grow leaders. Participation was solicited by invitation, though companies could also be nominated for the study. Qualifying companies were screened for financial performance, using a five-year compound annual earnings before income taxes.

In its submission, Tata Steel explained that its leadership system is based on the Tata Business Excellence Model, where leadership is the key element. Leaders at various levels in the company live the Vision, Mission and the values of the company. The company’s leadership strategy is to create leaders who will build the future. They are evaluated, rewarded and recognised for their ability to behave as leaders, in addition to their capability to achieve results.
  

The first iron ore shipment is ready for China

On October 22 and 23, 2003, Tata Steel made the first direct export of iron ore to China via Haldia and Paradip ports. The cargo vessel INCE Pacific of Istanbul, Turkey was first loaded with 21,000 tonnes of iron ore from Haldia and then another 22,000 tonnes from Paradip.

Apart from an expansion of its steel manufacturing facilities, Tata Steel has as part of its growth plans and Vision to become EVA + decided to growth through the iron ore export, titanium and ferro chrome routes.

With 99% of the world iron ore production used for steel making and Asian countries importing iron ore from as far off as Brazil and Australia, Tata Steel sees tremendous growth potential in this region. India is closer to the growing Asian markets, and freight will play an important role in her iron ore finding great acceptability.

Tata Steel is continuously working at improving the beneficiation methods to match world class standards. Processes such as Jigging and Hydro cyclones are in the pipeline.

The company’s iron ore business will target steel plants in India and overseas. The company plans to sell four-five million tonnes of iron ore from its mines at Noamundi, Katamati, Joda and Khondbond.