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Steel Minister presents 25th Prime Minister’s
Steel Minister presents 25th Prime Minister’s Trophy for Excellence in Performance of Integrated Steel Plants

NEW DELHI. The 25thPrime 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 presentedin New Delhi today.These awards recognise the excellence in performance by Integrated Steel Plants in the country. TheUnion Minister of Steel, Chaudhary Birender Singh,gave away the awards to the winners.

Tata Steel Limited, Jamshedpur Works, bagged the Prime Minister's Trophy for the Best Overall Performance along with a cash prize of Rs 2 Crore. Tata Steel was able to set new benchmarks in productivity, techno economics, innovation and R&D in 2016-17for the domestic steel industry and its performance is close to international benchmarks in some select areas. The plant was also able to record best financial performance amongst all plants due to high efficiency, number of IPRsand productdevelopment. The Steel Minister’s Trophy along with a cash prize of Rs 1 Crore was bagged by JSW Steel Limited - Vijayanagar Works for 2nd Best Overall Performance amongst other participating Plants. JSW-Vijayanagar has demonstrated resilience amidst vagaries of demand and input costs by bouncing back in 2016-17, posting healthy gross margin of over 21%. Besides strong performance on techno-economic front, the plant demonstrated its strong commitment towards sustainable development.

Secretary Steel, Binoy Kumar urged the steel industry to work hard to enhance exports. He also asked the industry to gear up for future requirements. Binoy Kumar stressed on the need of more research and development in steel sector to be competitive

(updated on march 1st, 2019)