Tata’s Noamundi iron mine accorded Five Star rating
(Posted on 30/03/18)
The Noamundi Iron Mine (NIM) of Tata Steel has been accorded the ‘Five Star rating’ for sustainable development in FY17. This is for the 2nd consecutive year that NIM has been bestowed with this award. The award ceremony was organised during the 3rd National Conclave on Mines & Minerals in New Delhi.
Mr Chanakya Chaudhary, Group Director (Corporate Communication & Regulatory Affairs), Tata Steel received the award on behalf of Tata Steel from Mr Narendra Singh Tomar, Union Minister of Rural Development, Panchayati Raj and Mines.
Speaking about the sustainable development in mines, Mr Chanakya Chaudhary said: “This award is a testimony to our sustainable mining practices and it further reinforces our commitment towards sustainable development. It has always been our effort to ensure that the socio-economic benefits of sustainable development are widespread and positively impact stakeholders and communities around our areas of mining operations."
The ‘star rating of mines’ system aims at promoting sustainable developmental practices, which includes addressing social impact of resettlement and rehabilitation, among others. The star rating scheme is designed to have a built-in compliance mechanism for environment and forest safeguards and help in recognizing good performers in the sector while encouraging all mining lease holders to strive for excellence.
Tata Steel Group is among the top global steel companies with an annual crude steel capacity of 27.5 million tonnes per annum (MTPA) as on March 31, 2017. It is the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Group recorded a consolidated turnover of US $18.12 billion (INR 117,420 crore) in FY17. Tata Steel Group is spread across five continents with an employee base of nearly 70,000. Having bagged the Deming Application Prize and Deming Grand Prize for continuous improvement in 2008 and 2012 respectively, Tata Steel has now been recognised as the global ‘Industry Leader’ in ‘Steel category’ by Dow Jones Sustainability Index (2015). Besides being a member of the World Steel Climate Action Programme, Tata Steel has also been felicitated with several awards including the Prime Minister’s Trophy for the best performing integrated steel plant for 2013-14 (received in 2017), Best Risk Management by CNBC TV18 (2016), ‘Best-in-class Manufacturing’ award from TIME India (2016) and the ‘Most Ethical Company’ award from the Ethisphere Institute (2016), IIM Sustainability Award (2015), among several others.
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