Tata Steel announces the Season 8 winners of its much-awaited Annual Business Challenge for premier B-Schools in India, 'Steel-a-thon'. The programme culminated with the virtual Grand Finale held on Oct 7, 2021, where a total of 9 teams, the National Finalists, presented their business case solutions to a jury comprising senior management of Tata Steel led by Peeyush Gupta, Vice President, Supply Chain, Praveen Shrivastava, Chief of Marketing & Sales (Branded, Products & Retail), Flat Products, and Zubin Palia, Chief Group HR & IR.
Steel-a-thon 2021 witnessed a record participation, as a total of 5800+ students registered in teams of three students each, from around 27 premier B-schools in India. A total of 1170+ teams submitted the executive summary for the pre-finale. Post the rigorous examination of the submissions, 40 teams got selected for the pre-finale round. Finally, 9 teams made it to the finale.
In view of the Covid-19 pandemic, 'Steel-a-thon' culminated in a virtual grand finale where top 9 teams - the National Finalists, put on display an inspiring show of determination, passion, and innovative ideas. The teams competed to prove their mettle and claim the title in addition to the prize money, certificates, and the placement offers by Tata Steel. The finalists worked on nine real life business cases studies and presented their innovative solutions to the jury. Out of the nine solutions presented, two teams submitted solutions to case study on Procurement & Supply Chain (Operations), three teams on Marketing & Sales, two on Human Resource and two on Corporate Communications.
Peeyush Gupta, Vice President, Supply Chain, Tata Steel and a Jury member, said: 'With each passing year, the young aspirational students from leading B-Schools have become more involved with Steel-a-thon. The platform serves as a great opportunity for students to demonstrate their talent and to learn from their fellow peers. Some of the presentations this year were in fact the best of innovation and business thinking. We are excited to welcome the young talent to the steel company and look forward to their engagement in building a better tomorrow.'
Atrayee Sanyal, Vice President, HRM, Tata Steel, said: 'We are delighted to witness a record participation in this edition. This is a testimony to the growing popularity of Steel-a-thon business challenge and its evolution over the last eight years. It is heartening to see such a wonderful collaboration amongst brilliant young minds, academia and corporate. I congratulate the winners and express my gratitude to all the participants, Jury and all involved in the making this incredible journey possible.'
The winning team received a prize money worth INR 2,50,000 along with a trophy. The 1st and the 2nd runners-up were presented with cash prizes worth INR 1,50,000 and INR 1, 00,000 respectively. These teams also received PPO (pre-placement offers) and certificates. The National Finalists received INR 30,000, a certificate and internship opportunities under the Company's Inspire programme.
About Tata Steel
Tata Steel group is among the top global steel companies with an annual crude steel capacity of 33 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending March 31, 2021.
A Great Place to Work-CertifiedTM organisation, Tata Steel Ltd., together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000.
Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 5 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteelTM and worldsteel's Climate Action Programme, Tata Steel has won several awards and recognitions including the World Economic Forum's Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister's Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India's most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2020, received rating of 'A-' (leadership band) from CDP for its Climate Change disclosure and Supply Chain disclosure, Steel Sustainability Champion 2020 recognition from worldsteel, 'Most Ethical Company' award 2021 from Ethisphere Institute, Best Risk Management Framework & Systems Award (2020) from CNBC TV-18, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
Statements in this press release describing the Company's performance may be 'forward looking statements' within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.