Tata Steel receives the Golden Peacock National Training Award 2024

Mumbai, March 07, 2024

~ Tata Steel receives the Golden Peacock National Training Award 2024 ~

Tata Steel has been declared the Winner of the prestigious Golden Peacock National Training Award for the year 2024. The announcement comes as a recognition of Tata Steel's commitment to excellence in learning and development, setting a benchmark for the industry. Golden Peacock Awards, instituted by the Institute of Directors (IOD), India in 1991, are now regarded as a benchmark of Corporate Excellence worldwide.

Expressing her gratitude, Atrayee Sanyal, Vice President, Human Resource Management, Tata Steel, said: "This accolade reinforces our relentless pursuit of excellence in learning and development. At Tata Steel, we believe in nurturing talent and fostering a culture of continuous learning, ensuring that our workforce is equipped with the skills and competencies needed to navigate the challenges of today's dynamic business environment. This award is a testament to the dedication and hard work of our entire team."

Tata Steel places great importance on the continual development of human resources at all levels and takes responsibility for the professional and career growth of all its employees. Future skills & competencies aligned with the long-term strategies of the organisation are given equal focus, along with the skills/competencies required at present. Considering the varying needs of different sets of workforces, a multi-dimensional approach has been taken by the Company which is manifested through various frameworks & processes.

Some of Tata Steel’s learning and development initiatives include the School of Excellence for enhancing expertise, evening diploma programmes to support employees' career aspirations, and upskilling and multiskilling programmes for contract employees to enhance skilled manpower on the shop floor. To address transformative technological shifts in manufacturing processes, the organisation has introduced an AI-enabled learning experience platform incorporating a dynamic blend of self-paced learning modules & journeys, virtual reality-based plant walkthroughs, process simulations, and other learning tools, enriching its learning pedagogy.

The award ceremony, took place at Hotel Grand Hyatt, Abu Dhabi (UAE) on March 5, 2024, during the "Institute of Director’s (IOD) 2024 UAE Global Convention – 31st World Congress on Leadership for Business Excellence and Innovation". His Highness Sheikh Nahayan Bin Mabarak Al Nahayan, Hon’ble Cabinet Member and Minister of Tolerance and Coexistence, Govt. of UAE, graced the occasion as the Chief Guest. Sunjay Sudhir, Ambassador of India to the UAE presented the award to Tata Steel.

Disclaimer

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.

For queries and information

Sarvesh Kumar,
Chief Corporate Communications, Tata Steel,
E-mail : sarvesh.kumar@tatasteel.com

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world.
The group recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.
A Great Place to Work-Certified^TMorganisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045.
The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteel^TM Subsequently, its Kalinganagar and Meramandali plants have also received the certification. In India, Tata Steel now has more than 90% of its steel production from ResponsibleSteel^TM certified sites.
Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2023 most valuable Mining and Metals brand in India by Brand Finance, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, and ‘Best Corporate for Promotion of Sports’ recognition at the Sportstar Aces Awards 2024.
Received 2023 ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.