OREANDA-NEWS. September 24, 2011. Tata Steel was conferred the ‘Good Corporate Citizen Award’ for the year 2011 by the Bombay Chamber of Commerce and Industry (BCCI) in a ceremony at Mumbai, yesterday as part its 176th Foundation Day. The award was presented to Tata Steel for its outstanding service to the civic community and contribution towards the betterment of the society in the 'large corporate' category. This is the first time that Tata Steel has won this prestigious award from BCCI. 

The award was received by Sanjiv Paul, vice president (corporate services), Tata Steel, from Deepak Parekh, chairman, HDFC, who was the chief guest on the occasion, in the presence of officials from Tata Steel and others.

The Good Corporate Citizen Award was instituted by the Bombay Chamber of Commerce and Industry in 1994 to recognise and acknowledge outstanding corporate contribution in serving the civic community in addition to outstanding operational performance. The Bombay Chamber of Commerce and Industry is in its 176th year and is the oldest chamber of commerce in Asia.

Accepting the award, Mr Paul said, “We are proud to be a recipient of this prestigious recognition. Besides, reflecting our values strongly, this award also gives us immense encouragement to work relentlessly with greater enthusiasm towards empowering and building stronger communities.”

Mr Parekh, delivered the keynote address on the theme 'Corporates as citizens'. The address was followed by a panel discussion on ‘Roles, rights and obligations of corporates as citizens’ and the participants were eminent people from the industry.

Tata Steel has been recognised several times in the recent past for being an exemplary corporate citizen. In April this year, Tata Steel won the CSR Award given by the Procurement Leaders Forum. Finance Asia, a leading finance publication in Asia, also conferred the award for CSR to Tata Steel in April this year.