financetom
Business
financetom
/
Business
/
Tata Steel will use drones from Bengaluru startup for mine management
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tata Steel will use drones from Bengaluru startup for mine management
Jul 28, 2022 3:12 AM

Tata Steel has inked a pact with Bengaluru-based drone startup Aarav Unmanned Systems (AUS) to develop solutions that will enhance the efficiency and productivity of open cast mining operations.

Share Market Live

NSE

AUS, which originated in the Indian Institute of Technology-Kanpur, would also provide other Tata Group companies with exclusive drone-based solutions, including mine analytics and geotechnical mapping.

On the partnership, D B Sundara Ramam, vice-president of raw materials at Tata Steel, said drone survey-enabled digitalisation and other technologies would assist the firm in gathering impactful and actionable insights.

Also Read: Drones take to the Skye and deliver frozen foods to cloud kitchens

"We see enormous potential in redefining core mining processes such as exploration and mine planning using drone data and adequate analytics," Ramam said.

The company said such end-to-end mining solutions are economical, demand fewer on-foot exploration requirements, and improve production, efficiency, and site safety.

Tata Steel also said that digitalisation would enable the development of targeted strategies using real-time data and data analytics and would provide decision matrix tools to predict failure. It will also help in the optimisation of scheduling and material flow.

Vipul Singh, founder and CEO of Aarav Unmanned Systems, said: "Tata Steel's trust in us to create end-to-end solutions jointly with them, for the domestic and global mining industry, directly reflects on the vision we share and openness of a behemoth like Tata Steel to partner with a startup to derive the most effective solution."

With inputs from PTI

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
TotalEnergies, Mistral AI Collaborate to Set Up AI Innovation Lab
TotalEnergies, Mistral AI Collaborate to Set Up AI Innovation Lab
Jun 12, 2025
07:50 AM EDT, 06/12/2025 (MT Newswires) -- TotalEnergies (TTE) is collaborating with French firm Mistral AI to set up an innovation lab focused on artificial intelligence in support of TotalEnergies' multi-energy strategy, particularly in low-carbon energy, the companies said Thursday. Mistral AI will provide its AI technologies to the innovation lab, while TotalEnergies will contribute its knowledge in low-carbon energy...
Currency Exchange International's Q2 Reported and Adjusted Group Net Income Up, Even As Total Revs Falls
Currency Exchange International's Q2 Reported and Adjusted Group Net Income Up, Even As Total Revs Falls
Jun 12, 2025
07:52 AM EDT, 06/12/2025 (MT Newswires) -- Currency Exchange International ( CURN ) overnight Wednesday said its reported and adjusted group net incomes rose in the second quarter compared to a year earlier, even as its total revenue fell. The company's second-quarter reported group net income was US$1.98 million, up 291% from US$506,522 in the corresponding year-ago quarter. Adjusted net...
Transat A.T Q2 Net Loss Narrows, Beats Forecasts
Transat A.T Q2 Net Loss Narrows, Beats Forecasts
Jun 12, 2025
07:52 AM EDT, 06/12/2025 (MT Newswires) -- Transat A.T ( TRZBF ) on Thursday said second-quarter net loss narrowed significantly, beating estimates, as revenue edged up. The net loss narrowed to $22.9 million, or $0.58 per share, from a loss of $54.4 million, or $1.40 per share, in the prior year period. The result beat the consensus analyst estimate of...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved