Tata Steel’s Natural Resources Division bags the prestigious Golden Peacock Innovation Management Award 2023

~ Recognition reflects Tata Steel's commitment towards fostering innovation and sustainable mining practices ~​

Tata Steel’s Natural Resources Division has been honoured with the ‘Golden Peacock Innovation Management Award’ for the year 2023 at the 18^th International Conference for Corporate Social Responsibility in Mumbai. The award was conferred by the prestigious awards jury under the Chairmanship of Hon'ble Justice M. N. Venkatachaliah, former Chief Justice of India and former Chairman, National Human Rights Commission of India and National Commission for Constitution of India Reforms.

The accolade recognises Tata Steel’s pioneering innovation in creating high level transparency and visibility for mine monitoring. The innovation involves deploying drones for digital mine mapping, coupled with the integration of point cloud data into resource modeling software such as SURPAC and MINEX. This integration facilitates comprehensive analysis of mine profiles, slopes, haul road gradients, width assessments, haul road lead/lift, and various other mine analytics tools. Tata Steel stands as the sole entity in India to have developed and implemented this groundbreaking capability, enabling high-level 2D & 3D mine visibility.

D.B. Sundara Ramam, Vice President, Raw Material, Tata Steel, said: "We are honoured to receive the Golden Peacock Innovation Management Award, a testament to our relentless pursuit of innovation and excellence. Our innovative approach to leveraging drone technology and advanced data analysis in mine mapping has significantly enhanced our ability to monitor mines, ensuring enhanced safety, compliance, and productivity.”

In its pursuit of driving technological innovation in the natural resources sector, Tata Steel has successfully implemented these cutting-edge solutions in its West Bokaro coal mine and manganese mines. Over the next 3-6 months, the tools will be fully deployed in chromite & iron ore mines, further cementing the Company’s leadership in revolutionising mine monitoring and resource management.

Golden Peacock Awards recognise the best among organisations, which have significantly embedded risk management strategies and innovation in their operations and decision-making processes, leading to improved company performance.

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-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 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 ResponsibleSteel^TM 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 2023 ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘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.

Photographs: Management and Plant facilities

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Website: www.tatasteel.com and www.wealsomaketomorrow.com

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