Tata Steel wins the prestigious Dun & Bradstreet Corporate Award 2018
~ The steel giant receives the award for the fourth consecutive year ~
Mumbai, May 28, 2018: Tata Steel bagged the prestigious Dun & Bradstreet Corporate Award 2018 in the ‘Iron and Steel’ category for the fourth consecutive year. Ms. Dipali Talwar, Group General Counsel, Tata Steel received the award on behalf of the organisation from the Hon’ble Minister of State for Finance, Government of India, Shri Shiv Pratap Shukla, at an award ceremony held in Mumbai on May 25, 2018. The event witnessed presence of senior bureaucrats, company CEOs, eminent corporate leaders and professionals.
The Dun & Bradstreet Corporate Awards have been commemorating outstanding performers among Indian Corporates since 2006. The Dun & Bradstreet Corporate Awards honours the Top 500 Companies in India, thus recognizing their role as ‘Champions of Change’ in the transformation of the country.
Mr. Manish Sinha, Managing Director, Dun & Bradstreet, India said, “India is currently witnessing a dynamic business environment propelled by government reforms and growing investor confidence. The economy shows improving industrial activity backed with improving domestic consumption and heavy infrastructure spending. Corporate performance will mirror improving macros and India’s Top 500 Companies, being the torch bearers of Corporate India will play an important part in driving Government’s key agendas in the near future. I congratulate Tata Steel for their contribution to the growth of the economy, and being an exemplary leader of the sector.”
The Dun and Bradstreet analysts’ team identify financial category wise parameters relevant for evaluating the performance of organisations. The parameters are included in a proprietary financial model that has been developed by the team in-house. This model is then used to identify the top performers in each category. Winners are chosen based on a composite score which considers several quantitative factors. Only businesses featured in the Dun & Bradstreet ‘India’s Top 500 Companies’ publication is considered for this award.
About Dun & Bradstreet (D&B)
Dun & Bradstreet (NYSE: DNB) grows the most valuable relationships in business. By uncovering truth and meaning from data, we connect customers with the prospects, suppliers, clients and partners that matter most, and have since 1841. Nearly ninety percent of the Fortune 500 and companies of every size around the world, rely on our data, insights and analytics.
Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability; D&B Sales & Marketing Solutions to manage their master data, analyse markets, locate prospects and increase revenue from new and existing customers; D&B Learning & Economic Insights Group for solution-oriented analysis of strategic economic and business development, professional training, and cutting-edge knowledge forums & conferences.
In 2018, D&B featured on the World's Most Ethical Companies list in the Business Services category by Ethisphere, for the tenth consecutive year. The World's Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action.
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 world's second-most geographically-diversified steel producer, 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), ‘Corporate Strategy Award’ by Mint (2018) ‘Most Ethical Company’ award from the Ethisphere Institute for the sixth time (2018), Steel Sustainability Champions (2017) by the World Steel Association, Dun & Bradstreet Corporate Awards (2017), Golden Peacock HR Excellence Award by Institute of Directors (2017), '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.