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Tata Steel & JSW Steel Adopting Industry 4.0

Steel News - Published on Mon, 05 Aug 2019

Image Source: Indian CEO
Money Control reported that India's two biggest steelmakers JSW Steel and Tata Steel are currently undertaking a digital transformation that is changing the way they monitor blast furnace operations, or move raw materials like iron ore and coal from mines to manufacturing plants.

The company's unit in Kalinganagar was recently included in the list of World Economic Forum’s Global Lighthouse Network, a community of manufacturers known for applying Fourth Industrial Revolution technologies to drive financial and operational impact. The unit is the only manufacturing plant in India that is included in this network. Tata Steel is spending USD 100 million in its units in India in the next three to four years on this digital transformation. Mr TV Narendran Global CEO & Managing Director told Money Control that "We are working on making Tata Steel more digital-ready.”

JSW Steel is leaving no stone unturned in ushering in industry 4.0 intervention. In its Dolvi unit in Maharashtra, the company has deployed 'digital tools' to track the ongoing expansion program to ensure on-time completion within the budgeted cost. Chairman and Managing Director Mr Sajjan Jindal said that "We have created connected factories in procurement and large capital projects to track and manage various processes, which has improved transparency and lowered manual interventions. The company is using big data and analytics-driven real-time models to reduce power consumption and associated losses. In the past two years, we have implemented over 100 digital technology projects. The initiatives have till now saved JSW Steel INR 180 crore. The company now plans to save INR 300 crore this financial year, through the digital tools. Using analytics, robotics and hybrid cloud, we are aligning business processes.”

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Posted By : Sanju Moirangthem on Mon, 05 Aug 2019
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