Tata Steel and its Natural Resources Division are awarded the Golden Peacock 2023 Award for innovative management
Tata Steel’s Natural Resources Division received the Golden Peacock Innovation Management Award for 2023 at the 18th International Corporate Social Responsibility Conference in Mumbai. This recognition was awarded by a prestigious jury chaired by the Honorable Justice M.N. Venkatachaliah, former Chief Justice of India and former Chairman of the National Human Rights Commission and the National Commission for Constitutional Reform in India.
Tata Steel was recognized for its innovation in mine monitoring, pioneering the creation of a highly transparent and visible system.
This innovation includes the use of drones to make digital maps of the mines and the integration of detailed data into specialized software such as SURPAC and MINEX.
Thanks to this integration, a comprehensive analysis of mine topography, slopes, haul roads, width, elevation and other useful tools for evaluating mine performance can be performed.
Tata Steel is the first entity in India to implement this advanced technology that enables high-quality 2D and 3D visualization of mining operations.
According to D.B. Sundara Ramam, vice president, Raw Materials, Tata Steel, receiving the Golden Peacock Award for Innovation Management is a great honor and demonstrates their constant pursuit of innovation and excellence. Thanks to their innovative approach using drone technology and advanced data analysis in mapping their mines, they have been able to significantly improve their mine monitoring, ensuring greater safety, compliance and productivity.
Aiming to promote technological innovation in the natural resources industry, Tata Steel has successfully implemented state-of-the-art solutions at its West Bokaro coal and manganese mine. In the next 3 to 6 months, these tools will be fully installed in the chromite and iron ore mines, further strengthening the company’s leadership in the mining monitoring and resource management revolution. The Golden Peacock Awards honor outstanding companies that have implemented risk management and innovation strategies in a relevant way in their operations and decision-making processes, thus achieving improved business performance.
