Tata Steel has been recognised as one of the top 25 most innovative Indian Companies by the Confederation of Indian Industry (CII) for its product, process, and business innovation.
Multiple innovation cases were presented to showcase the innovation culture in the organisation including two shining cases – ‘First-of-its-kind’ 5 tonnes per day CO2 capture plant and ‘First-in-World’ Digital Twin in Sinter Making.
The award encapsulates all kinds of new processes, products, services, technologies, innovations, and approaches which have brought tangible results or made radical changes within or across the industry.
Tata Steel was felicitated with the ‘CII Industrial Innovation Award’at a virtual award
ceremony held during the 27th edition of DST-CII Technology Summit 2021.
Kris Gopalakrishnan, Past President, CII and Chairman, CII Industrial Innovation Awards 2021 along with Dr S Chandrashekhar, Secretary-DST, Government of India honoured the award to Tata Steel.
Dr. Debashish Bhattachharjee, Vice President, Technology & New Materials Business, Tata Steel, said: “It is an honour to be recognised by CII for Excellence in Manufacturing & Innovation and declared as one of the joint winners in the Large Manufacturing category. Innovation is the new engine of socio-economic growth and a key lever for business sustenance, productivity, and future readiness in any industry. We will continue to focus on manufacturing, digitalisation, and sustainability as key pillars of our organisation. This award is a testimony to our commitment to be the global steel industry benchmark for Value Creation and Corporate Citizenship.”
Tata Steel is always investing in innovation with the objective to indigenously develop and utilise new cutting-edge technologies and work towards long term vision of self-reliance. This step will not only lower the product and services cost but also will make technology accessible within the related industry ecosystem.
Also, tata Steel has empowered itself to transform digitally and leverage technology to enhance its product and services offerings.
