Steel Authority of India's Bhilai Steel Plant has won the Prime Minister's trophy for the "best performing steel plant in the country" for 2005-06.
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Prime Minister Manmohan Singh would present the award at a function to be held at Visakhapatnam on May 20, the company said in a release.
The award includes a citation scroll and a cheque for Rs one crore, it said.
The plant has won the PM's trophy seven out of 13 times it has been awarded since it was instituted.
The plant recorded a profit (before tax) of Rs 4,042 crore in 2004-05. It produced more than five million tonnes of hot metal in 2005-06 and produced a similar quantity of crude steel.
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