Tata Steel announced the winners of the 11th edition of its flagship annual business challenge, Steel-a-thon, in a thrilling grand finale held in Kolkata on September 27, 2024. This competition, designed for India’s premier B-Schools, offers students a unique opportunity to work on real-life business challenges and receive mentorship from Tata Steel's leadership.

Team ‘The Mettle Kids’ from IIM Shillong emerged as the winner and Team ‘Legacy’ from XIM Bhubaneswar secured the Runner-up position in the Business Track, while Team ‘The Alloy Analyts’ from IIM Shillong emerged as the winner and Team ‘Metallix’ from IIFT Kolkata secured the Runner-up position in the Value Chain Track. Team ‘High Flyers’ from MDI Gurgaon emerged as the winner and Team ‘The Iron Fisters’ from XIM Bhubaneswar secured the Runner-up position in the People Track.

Peeyush Gupta, Vice President, TQM, Group Strategic Procurement & Supply Chain, Tata Steel,said: “For more than a decade now, Steel-a-thon has emerged as one of Tata Steel’s most effective platforms to scout for talent from some of India’s best B-Schools. The consistent increase in the number of participants and their enthusiasm stands testimony to the growing popularity of this platform. On behalf of Tata Steel, I would like to congratulate the winners and thank all participants, my fellow jury members, and the organising team for making this edition of Steel-a-thon a big success.”

The Steel-a-thon competition, now in its 11th year, witnessed an overwhelming response with participation from 12,000+ students from 28 renowned B-Schools across India. This year, the participating teams were presented with three distinct tracks, each centered around crucial business themes: "Vision to reshape Business" for Growth Aspirations in the Business track, "Vision to Reimagine Supply Chain" for Sustainable Value Chain in Value Chain track, and "A vision to change tomorrow" for Employee Well-Being in People track. A total of 17 case studies were floated across the three tracks. This season also featured case studies from Tata Steel Europe, offering participants the opportunity to engage with the Company’s Europe team.

The competition commenced with 1648 teams submitting their executive summaries for the pre-finale. After rigorous evaluation, 200 teams progressed to the pre-finale round, and ultimately, 16 teams secured their spot in the highly anticipated finale.

The finalists presented their innovative business case solutions to a distinguished jury comprising leadership members from Tata Steel - Peeyush Gupta, Vice President, TQM, Group Strategic Procurement & Supply Chain, Prabhat Kumar, Vice President, Marketing and Sales (Flat Products), Ashish Anupam, Vice President, Long Products, and Zubin Palia, Chief Group HR & IR.

The winning teams from each track received cash prizes of INR 250,000, while the first runners-up were presented with cash prizes of INR 150,000. Both the winning teams and runners-up were also awarded Pre-Placement Offers and Pre-Placement Interview opportunities, opening doors to potential career opportunities with 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 around US$27.7 billion in the financial year ending March 31, 2024.
• A Great Place to Work-Certified^TM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 78,000.
• Tata Steel has announced its major sustainability objectives including Net Zero by 2045.
• The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar, and IJmuiden Plants. Tata Steel has also been recognised with the ‘Digital Enterprise of India – Steel’ Award 2024 by Economic Times CIO.
• Tata Steel aspires to have a 20% 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 among the 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 Certification. 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, 2024 Steel Sustainability Champion recognition from worldsteel for seven years in a row, 2023 Climate Change Leadership Award by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2024 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 the 2023 Global 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 eighth consecutive year, and ICSI Business Responsibility and Sustainability Award 2023 for its first Business Responsibility and Sustainability Report (BRSR), Excellence in Financial Reporting FY20 from ICAI, among several others.

Photographs: Management and Plant facilities

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Website: www.tatasteel.com and www.wealsomaketomorrow.com

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