Tata Steel conferred Good Corporate Citizen Award by Bombay Chamber of Commerce & Industry

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JAMSHEDPUR: Tata Steel was conferred the ‘Good Corporate Citizen Award’ for the year 2011 by Bombay Chamber of Commerce & Industry (BCCI) in a ceremony at Mumbai, yesterday as part its 176th Foundation Day.

The award was presented to Tata Steel for its outstanding service to the civic community and contribution towards the betterment of the society in the Large Corporate Category. This is the first time that Tata Steel has won this prestigious award from BCCI.

The award was received by Mr Sanjiv Paul, Vice President (Corporate Services), Tata Steel Ltd., from Mr Deepak Parekh, Chairman, HDFC Ltd, who was the chief guest on the occasion, in presence of officials from Tata Steel and others.

Good Corporate Citizen Award was instituted by the Bombay Chamber of Commerce & Industry in 1994 to recognize and acknowledge outstanding corporate contribution in serving the civic community in addition to outstanding operational performance. Bombay Chamber of Commerce & Industry is in its 176th year and is the oldest chamber of commerce in Asia.

Accepting the award Mr. Sanjiv Paul said “We are proud to be a recipient of this prestigious recognition. Besides, reflecting our Values strongly, this award also gives us immense encouragement to work relentlessly with greater enthusiasm towards empowering and building stronger communities.

Mr. Deepak Parekh, delivered the keynote address on the theme “Corporates as Citizens”. The address was followed by a panel discussion on ‘Roles, Rights and Obligations of Corporates as Citizens’ and the participants were eminent people from the industry.

Tata Steel has been recognized several times in the recent past for being an exemplary corporate citizen. In April this year, Tata Steel won the CSR Award given by the Procurement Leaders Forum. Finance Asia, a leading finance publication in Asia also conferred the Award for CSR to Tata Steel in April this year.

Established in 1907 as Asia’s first integrated private sector steel company, Tata Steel Group is amongst the leading steel manufacturers in the world with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world’s second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 26.64 billion in FY ’11, has over 81,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct.

Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.

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