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Tata Steel partners with CSIR-CIMFR to accelerate Research and Development in mining
Tata Steel has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research-Central Institute of Mining and Fuel Research (CSIR-CIMFR) to accelerate research and development in mining.
The MoU was signed at the inaugural session of the CSIR-CIMFR's "One Week One Lab" programme on August 22, 2023 at Ranchi. The five-day programme that brought together researchers from different scientific institutions to work on critical novel technologies concluded today.
The MOU was signed by D B Sundara Ramam, Vice President, Raw Materials, Tata Steel and Dr J K Pandey, Chief Scientist, CSIR-CIMFR in the presence of Atul Bhatnagar, General Manager, Ore, Mines & Quarries, Tata Steel; Sanjay Rajoria, General Manager, Jharia Division, Tata Steel; Anurag Dixit, General Manager, West Bokaro Division, Tata Steel, Prof. Arvind Kumar Mishra. Director, CSIR-CIMFR and Dr N Kalaiselvi, Director General, CSIR and Secretary, DSIR & DG, CSIR, among others.
Through this MoU, Tata Steel and CSIR-CIMFR will identify potential areas of research and development in mining, including exploration, mining, and processing. They will also collaborate on developing and delivering sustainable cutting-edge technologies for the mining industry. This partnership is a significant step for Tata Steel in its commitment to innovation and sustainability. It will help the company to develop new technologies that can improve the efficiency and sustainability of its mining operations.
"We are excited to partner with CSIR-CIMFR to accelerate research and development in mining. This partnership will help us to develop new technologies that can help us to mine more efficiently and sustainably,” said D B Sundara Ramam.
This partnership is a win-win for both Tata Steel and CSIR-CIMFR. It will help Tata Steel to develop new technologies that can improve its mining operations, while it will also help CSIR-CIMFR to gain access to Tata Steel's expertise in the mining industry.
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 queries and information
Sarvesh Kumar,
Chief Corporate Communications - Tata Steel,
E-mail : sarvesh.kumar@tatasteel.com
About Tata Steel
- Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 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$30.3 billion in the financial year ending March 31, 2023.
- A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
- Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.
- The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
- Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
- The Company 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.
- Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification.
- Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, No. 1 brand in India in the Mining and Metals industry in Top 100 brand rankings for 2023 by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
- Received 2022 ERM Global Award of Distinction, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
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