Tata Steel wins at the Dun and Bradstreet Corporate Awards, 2014
~ Steel giant chosen as Top Indian Company in the Iron and Steel Sector ~
Tata Steel was awarded with the ‘Top Indian Company in the Iron and Steel Sector’ in the 14th edition of ‘Dun & Bradstreet Corporate Awards 2014’. This award was given by Dun & Bradstreet post inclusion of Tata Steel in their publication India’s Top 500 Companies 2014 and basis excelling on various business and social parameters.
The award was received by Mr Sunil Bhaskaran, Vice President (Corporate Services), Tata Steel at a function held today evening in Mumbai. The recognition was awarded post assessment of Tata Steels’ contribution to the Indian economy and its commitment to add value to its customers. While receiving the award, Mr Sunil Bhaskaran, Vice President, Corporate Services, Tata Steel said, “We are very pleased to receive the Dun & Bradstreet Corporate Awards 2014 and very proud to be recognized as the Top Indian Company in the Iron and Steel category. It is a matter of pride for us and reinforces our commitment to pursue excellence in all areas of operations.” He also added, “This award inspires us to contribute to the Indian economy and continue our legacy of serving our valued customers like we have been doing for the past 100 years.”
Dun & Bradstreet (D&B) felicitates the top companies across various sectors for their contribution to the Indian economy. The country's top ranking companies based on 'India's Top 500 Companies 2014' across various categories of business excellence are honoured at the annual Dun & Bradstreet Corporate Awards. The award ceremony was attended by the captains of industry and opinion leaders from the Government of India. The winners at the award were chosen post extensive research conducted based on parameters which include total income, net profit, net worth, net profit margin, return on net worth, average market capitalisation for FY13, growth in total income and net profit besides other parameters.
About Tata Steel
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top- ten global steel companies with an annual crude steel capacity of over 29 million tonnes per annum (MnTPA). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 24.82 billion in FY 13, has over 80,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management. In 2012, Tata Steel became the first integrated steel company in the world, outside Japan, to win the Deming Grand Prize 2012 instituted by the Japanese Union of Scientists and Engineers.