The Federation of Indian Mineral Industries (FIMI) has decided to honour the company on the basis of desktop assessment followed by site-assessment.
The award would be presented at the 51st Annual General Meeting of FIMI, the country's premier mining body, to be held at New Delhi shortly, a company official said.
Expressing happiness over the honour, Subhrakant Panda, Managing Director of IMFA said: "We have worked hard over the past few years to make HSE the top priority for the organisation and bring about a cultural change so we are delighted by this recognition".