JSW Steel, Vijayanagar Works, located at Torangal in Bellary district, won the Prime Minister’s Trophy for the best integrated steel plant in the country for 2012–13.
The Secretary of the Ministry of Steel, in an official communication dated 27 May, 2014, announced a trophy and a purse of Rs. 2 crore.
The prestigious award will be conferred by Prime Minister Narendra Modi at New Delhi, the date for which will be announced later.
The parameters for evaluation were leadership, policy and strategy, resource management, people management, productivity, product quality, balance sheet and profitability, process management, customer satisfaction, employee satisfaction and plant capacity.
This is the first time that JSW Steel won the coveted trophy.
The company had earlier won the Steel Minister’s Trophy twice, during 2007-08 & 2011-12.
The then Union Minister of Steel Veerabhadra Singh had handed over the trophy for the year 2007-08 when he was here to flag-off the Hot Strip Mill (HSM)-II in July 2010.
JSW Steel shot into fame in 1994 after it became the first in the country and third in the world to adopt eco-friendly Corex technology in steel making.
With the initial installed capacity of 1.6 million tonne per annum in 1994, the company gradually enhanced its production and at present, is producing ten million tonnes per annum.
JSW Steel is the only integrated steel plant in the country to produce ten million tonnes from a single location. In addition, it has been producing over 1,700 MW of power and close to 0.5 million tonnes of cement. Deputy managing director Vinod Nowal told the The Hindu that the award once again proved the strength, dedication, commitment and teamwork of the Vijayanagar team, which would continue to to create new benchmarks of excellence.
“Awards are a great motivation and infuse renewed energy into the team to aim higher and higher. Steel is a major contributor to the annual GDP and this award will only add to our responsibility to perform better,” Dr. Nowal said.
“JSW Steel has been passing through one of the most challenging phase since inception. The last few years have been exceptionally daunting due to acute shortage of raw material. Despite that we have been able to achieve this huge task. The credit goes to the employees and their excellent performance in adverse situations”.
