The Research & Development Centre for Iron & Steel (RDCIS) of Steel Authority of India Limited (SAIL) has been selected as the Winner of the 'Golden Peacock Innovative Products/Service Award- 2007' of the Institute of Directors (IOD). The jury for the award was headed by Justice P.N.Bhagwati, Former Chief Justice of India and Member, United Nations Human Right Commission. The award will be presented by the Mrs. Ambika Soni, Union Minister for Tourism and Culture, Govt. of India, at a special ceremony during the Valedictory Session of the 18 th World Congress on Total Quality on Sunday, 13 January, 2008 at New Delhi.
The Golden Peacock Award signifies the pinnacle of achievements in recognition towards the development of innovative value-added products, suited to demanding application environment in high growth segments such as Construction, Automobiles, Defence etc. SAIL has successfully developed and marketed a number of special steel products like Earthquake Resistance (EQR) TMT rebars for constructional work in seismic prone zones, High Strength Roof Bolt for underground coal mines, SAILMA 550 HI Plate for penstock, High Strength Cold Rolled Steels for automobile. Besides, strategic materials like Spade M1 and armour quality quenched and tempered plates have been developed for the Defence to reduce the country's dependence on imports. In addition, several high performance products such as high strength wear-resistant rails with high YS/UTS ratio( = 0.58) , spring steel billets ( equivalent to SUP 11A grade) for automobile leaf springs and medium carbon ( 0.51-0.6%) hot-rolled coils for varieties of engineering applications have been launched. During 2006-07, SAIL has marketed these products successfully in different key segments, generating net sales realization of more than Rs.160 crore.
Product development activities are among the core activities of RDCIS for which this award has been given. Previous to this, in the year 2004 RDCIS received this Golden Peacock Awad in the area of manufacturing in Steel Sector.
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