Tata Steel Current Affairs - 2019

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Tata Steel’s Netherlands plant recognised as the Factory of the Future

The World Economic Forum has recognised Tata Steel’s plant at IJmuiden in the Netherlands as Manufacturing Lighthouse with state-of-the-art production facilities which successfully adopt and integrate the cutting-edge technologies of the future and drive financial and operational impact.

Recognition to Tata Steel

The recognition of the Tata Steel was due to the following factors:

  • Acknowledgement of the thriving culture of innovation at Tata Steel and advanced analytics team’s vision and commitment to realise more efficient, productive and responsible steelmaking.
  • The pioneering use of advanced analytics to optimise the way raw materials are used, increase the yield at every step of the steelmaking process and further improve logistics between the different processes and the quality of the product for customers.
  • The Advanced Analytics Academy gives Tata Steel employees an impetus to find solutions for waste reduction, quality improvement and overall reliability of production processes.

Manufacturing Lighthouses

The World Economic Forum organizes a network of leading intelligent production companies as Manufacturing Lighthouses under its ‘Shaping the Future of Production’ initiative to allow the exchange of knowledge and promote collaborations in the area of the ‘Fourth Industrial Revolution’ in production.

These Manufacturing Lighthouses showcases how best a strategy for the Fourth Industrial Revolution be developed by training employees, cooperating with other parties, implementing changes in the workplace and in the value chain through greater efficiency and contribute to reducing the climate footprint of production companies by 50 per cent.

Month: Categories: InternationalUPSC

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Tata Steel commissions first phase of Kalinganagar plant in Odisha

Tata Steel has commissioned the first phase of its integrated steel plant at Kalinganagar steel plant in Jajpur district of Odisha.

It was inaugurated by Odisha Chief Minister Naveen Patnaik as part of his Government ambition of industrialising the state rapidly.

Key facts

  • Kalinga Nagar steel plant is the second biggest plant of the company and is the largest Greenfield steel project in the country.
  • The plant is spread across 2200 acre land and has been established at an investment of Rs 25,000 crore.
  • It has a production capacity of 6 million tonne per annum and generally would produce flat, lighter, high-tensile strength steel.
  • The plant also boasts of India’s largest blast furnace at 4,330 cubic meters. On completion it would provide employment for 45,000 people.
  • The plant also has most advanced carbon hearth technology in the country along with on-site power generation of 202 MW through waste gases discharged by coke oven and blast furnace.
  • Eariler in 2004, Tata Steel had inked a MoU with the Odisha government to set up this steel plant.

Month: Categories: Business, Economy & Banking

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