Tata Steel’s Jamshedpur plant bestowed World Economic Forum’s Advanced 4th Industrial Revolution (4IR) Lighthouse Award

~ The ‘Lighthouses’ are chosen for their leadership in applying Fourth Industrial Revolution technologies to drive financial and operational impact ~ 

~ The new factories of the future light the way for the Next New Normal in manufacturing ~

Tata Steel’s Jamshedpur Steel Plant has been recognised as the World Economic Forum’s Advanced 4th Industrial Revolution Lighthouse. With this new milestone, Tata Steel is one of the few enterprises with three manufacturing sites in the Global Lighthouse network, with Kalinganagar Plant (India) and IJmuiden (the Netherlands) being the other two sites.

The award was presented to T. V. Narendran, CEO & MD, Tata Steel, at the Global Lighthouse Network Dinner at the World Economic Forum in Davos by Enno De Boer, Senior Partner at McKinsey & Company, and Francisco Betti, Head, Shaping the Future of Advanced Manufacturing & Value Chains.

On the occasion, T. V. Narendran, CEO & MD, Tata Steel, said: “It is a proud moment for all of us at Tata Steel as the Jamshedpur plant joins the prestigious Lighthouse Network of the World Economic Forum along with our IJmuiden plant in Europe and the Kalinganagar plant in Odisha. This recognition is a testimony to the effectiveness of the organisation’s investments in state-of-the-art equipment and leadership in the use of advanced technology and analytics to drive financial and operational impact, making Tata Steel plants among the most advanced steel plants globally.”

The Global Lighthouse Network is a community of production sites and other facilities that are world leaders in the adoption and integration of the cutting-edge technologies of the Fourth Industrial Revolution (4IR). Lighthouses apply 4IR technologies such as artificial intelligence, 3D printing, and big data analytics to maximize efficiency and competitiveness at scale, transform business models and drive economic growth, while augmenting the workforce, protecting the environment, and contributing to a learning journey for all-sized manufacturers across all geographies and industries.

The Global Lighthouse Network is a World Economic Forum initiative in collaboration with McKinsey & Company, and the factories are chosen by an independent panel.

Tata Steel Jamshedpur’s journey from being Asia’s first integrated steel plant to be set up in 1907 to receiving this recognition is a testament to the Company’s continuous improvement culture, its ability to embrace change and constantly be in sync with technological progress and focus on employee capability building.

During the Covid-19 pandemic, Tata Steel leveraged its past investments in 4th Industrial Revolution technologies to ensure Covid appropriate behaviour in operational areas and business continuity during lockdowns while continuing to adopt new ways of working.

Tata Steel has been on a multi-year digital-enabled business transformation journey intending to be the leader in digital steel making by 2025 through the adoption of digital technologies. In the process, the Company intends to generate substantial EBIDTA improvement, and enhance its digital maturity & stakeholder experience while evolving its work practices to be more agile, insightful, and intelligent as an organisation.

About Tata Steel

Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group recorded a consolidated turnover of US $ 32.83 billion in the financial year ending March 31, 2022.

A Great Place to Work-Certified^TM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 65,000. Tata Steel has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Besides being a member of ResponsibleSteel^TM, worldsteel’s Climate Action Programme and World Economic Forum’s Global Parity Alliance, Tata Steel has won several awards and recognitions including the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants, and Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17. The Company, ranked as India’s most valuable Metals & Mining brand by Brand Finance, featured amongst CII Top 25 innovative Indian Companies in 2021 and top 10 sustainable organisations of India Hurun Research Institute in the 2021 Capri Global Capital Hurun India Impact 50, received Steel Sustainability Champion recognition from worldsteel for five years in a row, ‘Most Ethical Company’ award 2021 from Ethisphere Institute, RIMS India ERM Award of Distinction 2021, Masters of Risk - Metals & Mining Sector recognition at The India Risk Management Awards for the sixth consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.

To know more, visit www.tatasteel.com and WeAlsoMakeTomorrow

Follow us on          

Disclaimer:

Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/ supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.

For media enquiries contact:

Sarvesh Kumar

Chief, Corporate Communications - Tata Steel

E-mail: sarvesh.kumar@tatasteel.com