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Tata Steel among top ten 'most admired cos' in world

The award has been bestowed to the company in the metal industry category and puts Tata Steel in the same category as Apple, GE,Singapore Airlines, Alcoa, Thyssen Krupp etc.

Tata Steel has been ranked among the world’s top ten of the “most admired companies” rated by Fortune Magazine and the Hay group particularly in the area of employee relationship.

The award has been bestowed to the company in the metal industry category and puts Tata Steel in the same category as Apple, GE,Singapore Airlines, Alcoa, Thyssen Krupp etc. The rankings were based on many factors, including innovation, people management, use of corporate assets, financial soundness, long-term investment and global competitiveness.

While receiving the trophy, Tata Steel managing director H M Nerurkar said, “Tata Steel has always considered its employees as its most valuable asset; we are happy that this has been recognized by our peers and analysts in the global ranking of ‘most admired companies’; this is a good recognition to our own HR and IR practices over a period of time and has more to do with the pride and passion which our employee have for the company”.

Nerurkar also said that there were plenty of challenges for the company as it is expanding production at home from around 7 million tonne to 10 mt per annum; also the issue of integration between the Indian unit/s and those in the South East Asian countries with the rest of the world was another challenge ahead.
“How we educate and train our people for the new challenges ahead is important for us and this particular award would give us a fillip in our efforts to ensure that we accept those challenges,” said Nerurkar.

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