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  • Sunday, December, 2022| Today's Market | Current Time: 11:04:16
  • The 25th Prime Minister’s Trophy and Steel Minister’s trophy along with other awards for the best performing integrated steel plants for the year 2016-17 were presented in New Delhi today.

    Tata Steel Limited, Jamshedpur Works, bagged the Prime Minister’s Trophy for the Best Overall Performance along with a cash prize of 2 Crore rupees.

    Tata Steel was able to set new benchmarks in productivity and techno-economics in 2016-17 for the domestic steel industry.

    The Steel Minister’s Trophy along with a cash prize of 1 Crore rupees was bagged by JSW Steel Limited – Vijayanagar Works for 2nd Best Overall Performance among other participating Plants.

    Steel Minister Chaudhary Birender Singh gave away the awards to the winners. JSW-Vijayanagar has demonstrated resilience amidst vagaries of demand and input costs by bouncing back in 2016-17, posting a healthy gross margin of over 21 per cent.

    Congratulating the winners of the Awards, Mr Singh said, the recognition in the form of Trophy will further motivate the workforce of winning Plants in their pursuit of excellence and will also inspire other Plants to excel in future.

    He said the Indian Steel Industry has overcome several challenges in the past few years.

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