Tata Steel on Wednesday said that Fortune Magazine and management consultant Hay Group have ranked it as one of the world8217;s 10 8220;most admired8221; companies this year.
8220;Tata Steel,this year,has been ranked among the world8217;s top ten of the 8220;Most Admired Company8221; rated by Fortune Magazine and the Hay Group. The award has been bestowed upon the company in the industry-metal category,8221; Tata Steel said in a statement here.
Tata Steel joins firms like Apple,GE,Singapore Airlines,Alcoa and Thyssen Krupp on the top 10 list,it added.
8220;The rankings were based on many factors,including innovation,people management,use of corporate assets,financial soundness,long-term investment and global competitiveness,8221; it added.
Tata Steel said that global recognition will 8220;further strengthen8221; its resolve to ensure the overall development and well-being of its employees.
8220;We are happy that we have been recognised by our peers and analysts in the global ranking of most admired companies,8221; Tata Steel managing director H M Nerurkar said.