Tata Steel bags 'Asia’s Best Treasury Team' award
~ Corporate Treasurer Hong Kong bestows the Marquee Award to Tata Steel at an event in Singapore ~
Tata Steel has been conferred the ‘Asia’s Best Treasury Team’ award by the Hong Kong based Corporate Treasurer, an independent print publication in Asia dedicated to serving treasury teams and chief financial officers. The publication is published by Haymarket Financial Media.
Mr Sandip Basu, Chief Treasury Management, Tata Steel along with the other members of the Treasury team received the award on behalf of the Company at an event held in Singapore on March 7, 2018.
“To be recognised as Asia’s Best Treasury Team is a wonderful achievement and a testament to the professional skills of Tata Steel’s Treasury team. For a large, multi-geographical Company like ours, managing uncertainty and volatility is key and hence a sound treasury strategy is important. We will continue to pursue best practices and strive for excellence in the future”, said Mr Koushik Chatterjee, Executive Director and Chief Financial Officer, Tata Steel.
The award winners are selected basis attributes including treasury management through innovation, astute forecasting and effective risk management, ability to execute complex corporate treasury operations amid challenging market and regulatory conditions.
About Corporate Treasurer
Published by Haymarket Financial Media, the Corporate Treasurer was born out of Finance Asia’s Corporate Treasury News and has become a forum for daily market intelligence and long-term strategic insight for senior finance professionals across Asia.
About Tata Steel
Tata Steel Group is one of the world’s largest steel companies with a steel production capacity of approximately 27.5 million tonnes per annum (MnTPA) as on March 31, 2017. It is a geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a revenue of INR 117,420 crore in FY17. Tata Steel Group has an employee base of nearly 70,000 employees as of March 31, 2017. Tata Steel has successfully challenged the Deming Grand Prize in 2012, received the Prime Minister’s Trophy for the ‘Best Performing Integrated Steel Plant’, ‘Greenco Platinum Rating’ by CII Green Building Council for environmental performance at Jamshedpur steelworks, ‘Best Place To Work’ in the core sector (steel, oil, power and minerals) by Business Today (2017), ‘World’s Most Ethical Company’ award from the Ethisphere, USA (2017), among several others.
Tata Steel Limited is proposing, subject to market conditions and other considerations, a rights issue of its ordinary shares and has filed a Letter of Offer with SEBI and the Stock Exchanges. The Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers to the Issue at http://www.investmentbank.kotak.com, http://www.axiscapital.co.in, http://www.hdfcbank.com, http://www.icicisecurities.com and http://www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled “Risk Factors” on page 11 of the Letter of Offer for details of the same. The securities offered via the Letter of Offer are not being offered to investors outside of India and recipients of the Letter of Offer should refer to the offering restrictions noted therein.
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.