India CSR News Network
NEW DELHI: Vedanta Limited’s Silvassa Unit, which is a part of its subsidiary Sterlite Copper was conferred with the Chairman Business Award for Q1 CY 2016. The Sesa Value Added Business of Vedanta’s Sesa Goa Iron Ore, finished a close second.
The teams were presented with the award last week, by Anil Agarwal, Chairman, Vedanta, for the well rounded efforts of the unit across a host of measurable parameters, ranging from Cost of Production to Sustainability. “The Chairman’s Award is our most prestigious internal award. It honors the team that best represents business and sustainability excellence, for other teams to emulate.” – Sunil Duggal, CEO, Hindustan Zinc & head of the Group Sustainability Award Evaluation Committee.
Sterlite Copper’s business unit in Silvassa recorded zero Long Term Injury (LTI) in Q4 of FY 2016. Long-Term Injury (LTI) is defined as an occurrence that has resulted in a fatality, permanent disability or time lost from work of one day/shift or more. At the unit, the use of steel pallets is being implemented instead of wooden pallets as a Go-Green initiative. Among the many achievements, the unit logged the highest yearly Cathode Production for FY 2015-16.
The Sesa Value Added Business (VAB), too recorded zero LTI in all the units of Value Addition Business in Q4. The business realized the highest ever Pig Iron production for the Quarter and the highest ever Sinter Production for the Quarter, along with attaining significant milestones. VAB of Sesa Goa Iron Ore comprises of the Pig Iron Division, Metallurgical Coke Division and the Power Plant Operations. Our Power Plant utilizes waste heat and gases generated from Pig Iron and Met Coke Plants and uses proprietary environment friendly met coke making technology to generate electricity.
Vedanta Limited is the diversified natural resources company introduced the Chairman’s Quarterly Award for all its Sub Business Units (SBU) in the Financial Year 2012-13. The first time saw Skorpion Zinc, Namibia, adjudged as the Best Performing Business Unit for the fourth quarter of the Financial Year 2012-13.
“These awards were instituted as a part of Vedanta’s journey towards excellence, to encourage and reward outstanding business performance, of business units across the Vedanta Group.”, Vedanta said in the statement.
The motivational internal awards encourages healthy completion among the units to excel. These awards foster a culture of competitive sustainable initiatives among business units, thus inspiring peers and providing hands-on learning of the benchmark practices.
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