Tata Steel bags National Energy Conservation Award, 2016 | business-news | Hindustan Times
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Tata Steel bags National Energy Conservation Award, 2016

Private steel major Tata Steel bagged the first prize in the Integrated Steel sector at the National Energy Conservation Award, 2016 for its excellence in Energy Conservation and Management.

business Updated: Dec 15, 2016 20:16 IST
PTI
Tata Steel bagged the first prize in the Integrated Steel sector at the National Energy Conservation Award, 2016 for its excellence in Energy Conservation and Management.
Tata Steel bagged the first prize in the Integrated Steel sector at the National Energy Conservation Award, 2016 for its excellence in Energy Conservation and Management.(HIT File Photo)

Private steel major Tata Steel bagged the first prize in the Integrated Steel sector at the National Energy Conservation Award, 2016 for its excellence in Energy Conservation and Management, which is awarded by the Bureau of Energy Efficiency, Union Ministry of Power.

The award was given by Union Minister of State for Power, Coal, New and Renewable Energy and Mines, Piyush Goyal on the occasion of National Energy Conservation Day celebrated in New Delhi, according to a Tata Steel press release here.

Suresh Kumar, Vice President, Shared Services, Tata Steel and J P N Singh, Chief, Power Systems and Energy, Tata Steel received the award on behalf of Tata Steel.

On receiving the award, Kumar said “We are delighted to receive this acknowledgement of our efforts in energy conservation and management. This will further reinforce our commitment to this critical area of operational excellence.

“In view of the expanding economy and substantial increase in demand for energy, it is imperative to be sensitive to energy conservation and to deploy environment friendly practices in operations,” he said.

Singh said the award acknowledges efforts put in by Tata Steel to reduce thermal and electrical consumptions over five per cent during the year, the release said.

Reduction in blast furnace fuel rate and specific power consumption, higher utilisation of by-product gases for steam and power generation, and waste heat recovery have been the primary contributing factors during the year towards achievement of overall reduction in specific energy consumption, he said.

The mission of the Bureau of Energy Efficiency, a statutory body under the Ministry of Power set up by the Centre in 2002, is to assist in developing policies and strategies with a thrust on self-regulation and market principles within the overall framework of the Energy Conservation Act, 2001 with the primary objective of reducing energy intensity of the Indian economy, the release added.