Bhilai Steel Plant (BSP), the flagship unit of public sector giant SAIl, yet again demonstrated its mettle by bagging the coveted CII-Exim Bank Award Prize for Business Excellence for the second year in a row, an official statement of the plant informed on Saturday.
The Awards for the CII-Exim Bank for Business Excellence were given away during the Business Excellence Awards Nite this week as part of the National Quality Summit, 2016 organised by the CII Institute of Quality at Bengaluru. The 24thNational Quality Summit was inaugurated by Union Minister for Railways Suresh Prabhu through a video conferencing.
The CII-Exim Bank Award Prize for Business Excellence 2016 was given away by DK Hota, CMD, BEMl at Bengaluru and was received by PK Sinha, ED Mines-Rowghat along with Umakanth GM I/c (I & A) and Puran, on behalf of Bhilai Steel Plant. In addition to the trophy which has three pillars representing People, Performance and Processes, BSP team also received a plaque and a citation scroll.
BSP is the only PSU to have won this prestigious award twice in the entire history of this award. Instituted in 1994, the CII-Exim Bank Award for Business Excellence is the most prestigious award for an Indian company.
The objective of this award for Business Excellence is to recognise India’s best performing organisations, and to enhance the 'competitiveness of India Inc.’ Fundamentally this award distinguishes itself from other awards in the sense that the process is very rigorous, transparent, standards very exacting and benchmarked with European Foundation of Quality Management.