Bhubaneswar: Tata Steel Kalinganagar in Odisha has been awarded at the World Economic Forum (WEF) 2020 for its leadership in applying Industrial Revolution-4.0 technologies to drive financial and operational impact.
Tata Steel’s CEO & MD T V Narendran, who represented the company at the WEF 2020 held in Davos, accepted the award at the World Economic Forum, a Tata Steel release said.
Tata Steel Kalinganagar has recently admitted into the Global Lighthouse Network which is a small but growing group of global corporations that are showing leadership in applying fourth industrial revolution technologies to drive financial and operational impact.
Tata Steel Kalinganagar joined the WEF’s Global Lighthouse Network in July 2019, to became the first and only Indian manufacturing plant to be included in the Network. Tata Steel’s IJmuiden plant in the Netherlands is a member of this Network. The Network, which has now 10 new factories as its member, is a small but growing group of global corporations that are showing leadership in applying IR-4.0 revolution technologies to drive financial and operational impact.
Narendran said: “It is a proud moment for all of us as Tata Steel Kalinganagar joins the prestigious Lighthouse Network of the World Economic Forum. Tata Steel Kalinganagar has the distinction of featuring several firsts in the Indian steel industry.”
“At Kalinganagar, we not only have state-of-the-art equipment and utilities but also drive higher productivity through automation and digital interventions. As we increase our capacity at Kalinganagar to 8 million toone per annum, we will continue to implement the best technologies and innovate across the value-chain to drive operational excellence,” he added.
A whitepaper titled Global Lighthouse Network: Insights from the Forefront of the Fourth Industrial Revolution published by the Global Lighthouse Network in collaboration with McKinsey & Company said that Tata Steel’s greenfield steel plant in Kalinganagar “is helping to set a new standard in the speed at which a factory can achieve full capacity from complete nascency”.
It additionally improved time to market by 50 per cent, due to significant investments in digital and analytics solutions, as well as capability-building to develop the digital skills of a relatively junior and inexperienced team, the paper added.
Commissioned in 2016 and spread over 3,000 acres in Kalinganagar industrial complex in Jajpur district of Odisha, Tata Steel Kalinganagar attained production levels at its rated capacity in less than two years and is the largest single-location greenfield steel project in India.