OREANDA-NEWS. January 23, 2012. Tata Steel, Jamshedpur, won the Prime Minister’s Trophy for performing as the best integrated steel plant (ISP) in the country during the year 2008-09 and 2009-10. The trophy awarded annually by the Prime Minister of India carries a trophy and a cash prize of Rs2 crore.

As per the provision of the Prime Minister’s Trophy Scheme, any company having won the Prime Minister’s Trophy for two successive years receives the trophy in the first year and a certificate of excellence in the succeeding one. Therefore, Tata Steel will be receiving the Prime Minister’s Trophy for 2008-09 and the Certificate of Excellence for 2009-10. It is the first time that Tata Steel has won the prestigious Certificate of Excellence.

The company went through three rounds of rigorous assessments, wherein the enthusiasm and involvement of its employees was highly appreciated by the panel of judges for the Prime Minister’s Trophy. This reaffirmed the belief that Tata Steel possessed a strong and capable work unit which has a will to excel.

Tata Steel posted emphatic results by bettering its financial performance and making significant improvements in all areas of operations, such as production of hot metal and crude steel, quality assurance and customer satisfaction. Tata Steel is among the lowest cost producers of steel, and one of the few steel companies in the world that is EVA+. The Prime Minister’s Trophy for the best ISP was earlier conferred on Tata Steel for the years 1994-95, 1998-99, 1999-2000, 2000-01 and 2001-02.

The evaluation for the award is done by a panel of judges comprising technologists, economists, consumers of steel and workers’ representatives on a set of criteria covering operational, financial, market, export, quality, customer satisfaction, environment and human resource related parameters.