TATA STEEL HOLDS SPECIAL SHABASHI AWARDS FUNCTION
A Special Shabashi Awards function was organized on August 16, 2018, at the Steelenium Hall to recognize the exemplary performance of employees in their respective work areas. Mr. T V Narendran, CEO & Managing Director, Tata Steel, was the Chief Guest on the occasion. 24 employees belonging to various divisions/departments across Tata Steel received this Award.
The Special Shabashi Award comprises a Certificate of Recognition and a bonanza Holiday Package of four days / three nights at select tourist locations in India, with family. The function was attended by Vice Presidents, Chiefs and Heads of Departments, Line Managers & HRM Executives.
The Shabashi Award, administered by the HRM department, was instituted in the year 2002-03 for all non-officers of the Company. Employees displaying consistent exemplary performance in the fields of Safety, Environment, Quality, Efficiency, Work Discipline, Concern for Fellow Employees & Team Members, Change Initiative and Creativity are awarded Special Shabashi every year. 347 employees have received this award till date (inclusive of the awardees on 16th August'18).
About Tata Steel
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27 million tonnes per annum (MTPA) as on March 31, 2018. It is the one of world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a consolidated turnover of US $20.41 billion (INR 133,016 crore) in FY18. Tata Steel Group is spread across five continents with an employee base of nearly 74,000. Tata Steel retained Industry Leader position in FY18 and ranked second overall in the DJSI assessment, 2017. The Company has been recognised as the Climate Disclosure Leader in ‘Steel category’ by CDP (2017). Besides being a member of the World Steel Climate Action Programme, Tata Steel was felicitated with several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2014-15 and 2015-16, Best Risk Management by CNBC TV18 (2018) and ‘Corporate Strategy Award’ by Mint (2018). The Company also received the ‘Most Ethical Company’ award from Ethisphere Institute for the sixth time (2018), Steel Sustainability Champions (2017) by the World Steel Association, Dun & Bradstreet Corporate Awards (2017 & 2018), Golden Peacock HR Excellence Award by Institute of Directors (2017) as well as 'Asia's Best Integrated Report' award by the Asia Sustainability Reporting Awards (2017), 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.