January 22, 2008
Tata Sponge Iron bags Golden Peacock National Quality Award
Golden Peacock National Quality Award was found to distinguish and accredit companies for their consistent achievement of outstanding results, as an outcome of their sustained avidity for excellence and their resolute commitment to employees, customers, other stakeholders and their communities. Developed on the lines of international famous European Foundation for Quality Management (EFQM), the model works to capture the best practices of successful organizations and to turn this knowledge into practical resources for the business community.
It is a matter of pleasure & pride for Tata Sponge, when the company was declared Winner under the small category, thus registering its unwavering priority to quality during the year under review, in all walks of performance. The award was jointly received by Mr.Suresh Thawani, Managing Director and Mr.R. Somnath, Sr. Executive Officer (Corp. Affairs) during a formal ceremony held in New Delhi on 13th January ’08, by former Chief Justice of India Justice Mr.RC Lahoti.
As per the rigid strictures that the competition stipulates for its the participants, an applicant has to furnish details in nine evaluation criteria covering every aspect of company operations & management ably supported by a sustained level of profitability, setting examples for good corporate citizenship and formulating short & long term strategies & interacted action plans for business growth to secure a robust future for the company, besides addressing a host of other issues concerning the protection of stakeholders’ interest.