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SAIL Bags BML Munjal Award for Excellence in Learning and Development

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SAIL Bags BML Munjal Award for Excellence in Learning and Development

New Delhi, Delhi, India

Steel Authority of India Ltd (SAIL) has been honoured with the B.M.L. Munjal Award for Excellence in Learning and Development for the year 2006, in the public sector category. Mr. S.K. Roongta, Chairman, SAIL, received the award, instituted last year by the elite Hero Mindmine Institute, a part of the Hero group of industries, from Mr Praful Patel, Union Minister for Civil Aviation, at the Mindmine Summit 2007 titled 'Imagining. Investing. Inventing: The Global Indian Manager' organised here yesterday.

The award recognises the significant turnaround brought about in the working of SAIL in its productivity and profitability over the last few years in general and the significant efforts made in the year 2006 in adding value to its business processes through developing human resources competency. The success which has come to SAIL in achieving its mission, to a large extent, is based on a scientific encouragement for and support to, technical training and managerial training. This, noted the jury which selected the awardees, runs at multiple levels from managing directors and senior executives' communication forums to shopfloor-based HRD initiatives.

The citation accompanying the award described as "significant" SAIL's effort to put in place "a useful learning and development practice called 'learning from each other'. The high degree of commitment shown by the company in the development and welfare of the communities in which are ensconsed its plants and mining efforts, are an example of what corporate enterprises can do to give richer returns to all stakeholders. While doing all this, to keep continuously enhancing its profitability, is a result of many factors, including its focus at multi-skilling and people development." The jury also acknowledged the success of SAIL's use of investment in HRD for better results as a corporate entity, and investing in employees and their learning.

The jury for this year's B.M.L. Munjal Awards for Excellence in Learning & Development was headed by Mr. Deepak Parekh, Chairman, HDFC, and comprised eminent professionals in various fields. The award in the private sector category was shared by Satyam and Infosys. Hero Mindmine Institute is the academic and scholastic face of Hero Mindmine, the learning and training solutions provider set up by the Hero group of industries, that seeks to generate databases on 'key issues facing India, Indians and Indian businesses'.

Bernali Mitra, AGM Corporate Affairs, Steel Authority of India Limited (SAIL), +91 (011) 24367033 cadsail@bol.net.in

Source: Steel Authority of India Limited (SAIL) (Business Wire India)

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