Tata Steel inks MoU with Aarav Unmanned Systems for drone-based mining

Date: 2022-07-29   Author: Pankaj Singh  Category: #news

Tata Steel inks MoU with Aarav Unmanned Systems for drone-based mining

Domestic giant Tata Steel Limited has reportedly inked an MoU (Memorandum of Understanding) with Bengaluru-based drone company AUS (Aarav Unmanned Systems) to offer mine management solutions.

This collaboration aims to jointly develop and offer end-to-end, sustainable integrated solutions that will focus on the safety, productivity, and efficiency of open cast mining operations.

For the record, Tata Steel will jointly work with AUS to offer special drone-enabled solutions, including geotechnical mapping and mine analytics, to Tata Steel companies in mining locations throughout India.

Commenting on the collaboration, D B Sundara Ramam, Vice President of Raw Materials at Tata Steel has stated that the drone survey-based digitization and other technologies will help collect actionable and impactful information.

These comprehensive mining solutions are economical, have fewer requirements for on-foot exploration, and can enhance efficiency, production, and site safety.

The company has stated its intent to leverage opportunities obtained from the regulatory changes and the Atmanirbhar Bharat Programme of the Government to fulfill the requirements of captive raw materials beyond 2030 through the creation of a sustainable mining business.

Digitization fosters the development of targeted strategies using data analytics and real-time data. It also offers decision matrix and visualization tools to predict a failure, assists in the optimization of material flow and scheduling as well as enhances the ability of beneficiation plants through monitoring of quality data online.

Vipul Singh, CEO and Founder of Aarav Unmanned Systems, has commented that the company’s collaboration with Tata Steel for the joint development of comprehensive solutions for the global and domestic mining industry demonstrates the shared vision of creating solutions for effective mine management.

Tata Steel also charted out its vision to become a leader in digitalizing mining operations across the value chain.

Recently, the steel-making company announced a stock split in the ratio of 10:1 for its equity shares.

Source credit:

https://www.business-standard.com/article/companies/tata-steel-signs-mou-with-start-up-for-drone-based-mining-solutions-122072700779_1.html



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Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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