Tata Steel Wins CII Productivity Awards for 2003-04
The Ferro Alloys & Minerals Division (FAMD) and the Bearing Division of Tata Steel has secured first and second positions respectively in category – A (Large and Medium Scale Member companies) for "Significant Improvement in Productivity” for the year 2003-04 by Confederation of Indian Industry (CII). The bearing Division has also been selected to receive a certificate in Category - C (Individuals or teams from all member companies).
Mr. P Roy Executive-in-Charge - FAMD Tata Steel, received the award for FAMD where as Mr. A Choudhry, Chief Operation, Bearing Division received the award on behalf of the entire team from CII at a glittering ceremony in Kolkata today.
The FAMD has achieved all time highs in production, sales and turnover since its inception as Profit Centre in 1993. There has been a significant reduction in working capital (20%) and more than 40% increase in turnover.
Manganese mines of FAMD, which came into the fold of this division only two years ago, doubled its production to 2.8 lakh tonnes during FY 03-04 through restructuring of its operations and increased exploration activities. This turned around the Manganese business and now the division is on a growth path in line with the Steel business in India, which requires Manganese alloy as an essential input.
Apart from production, management of logistics for dispatch to customers at lowest cost was the prime concern and the division met this challenge by special efforts to increase dispatches to customers through Railway wagons.