July 15, 2006
Certification of Appreciation for Tata Sponge
The Teri Research Institute (TERI) has chosen Tata Sponge Iron Limited for a Certificate of Appreciation for its noteworthy performance towards corporate social responsibility. TERI CSR Award is one of the premier awards on corporate social responsibility in India instituted to recognise and honour companies for implementing programs and initiatives that demonstrate leadership, sincerity as well as on-going commitment in incorporating ethical values, compliance with legal requirements, respect for individuals, communities and the environment into the way they do business.
Tata Sponge’s case study on conversion of fly ash into bricks and using the entire proceeds for welfare of community in its surrounding came up for recognition by TERI. Continuing its endeavor of being a good corporate citizen, with a systematic and uncompromising attitude towards preservation of the ecosystem, Tata Sponge, along with its various other measures undertaken to manage waste, has installed two automatic brick making machines with a production capacity of 1000 bricks and 1200 bricks per hour. The brick plants are operated independently by the Vidya Shakti Niyas (VSN) as a fool proof solution to the perpetual problem of flyash disposal and preventing pollution caused by the flying of flyash. As a mark of charity, the management of the brick unit has been given by TSIL to the VSN and the entire profits earned from this unit are used by them for charity & for community development work.
This achievement is very noteworthy going by the fact Tata Sponge was shortlisted as one of the top four companies out of more than 150 applications received by TERI for their CSR award for the year 2004-05, appreciated for its case study.
This is the second recognition received by Tata Sponge during the current year so far on CSR, the first one being the winner of Golden Peacock Award in January 2006.