The Business Bytes
BHUBANESWAR, MAY 14, 2024 (TBB BUREAU): Tata Steel’s Ferro Alloys and Minerals Division (FAMD) clinched the esteemed “Productivity Excellence Award – 2023” during the Productivity Day Celebration – 2024 held on Tuesday. Hosted by the Orissa State Productivity Council in collaboration with the National Productivity Council, the event recognized FAMD’s outstanding performance.
FAMD secured the coveted award following its participation in a virtual competition on Artificial Intelligence (AI) – Productivity Engine for Economic Growth earlier this year. The competition aimed to spotlight inventive AI applications for enhancing productivity across industries. Tata Steel impressed with groundbreaking presentations and case studies, highlighting its pioneering use of AI to optimize logistics and enhance water management efficiency.
Pankaj Satija, Executive-In-Charge (FAMD) at Tata Steel, expressed his elation, emphasizing the company’s dedication to leveraging advanced technologies for sustainable growth and stakeholder value. He hailed the award as a testament to Tata Steel’s unwavering pursuit of excellence in productivity enhancement and water management innovation. “We are committed to leveraging cutting-edge technologies to drive sustainable growth and create value for all our stakeholders. This award underscores our relentless pursuit of excellence in enhancing productivity and water management through innovative measures,” he said.
Representatives including Devraj Tiwary, Head (Sukinda Chromite Mine), Amit Choubey, Head (Logistics), Soumya Basu, Senior Area Manager (Supply Chain), and Debajyoti Pati, Deputy Manager (IT), received the award on behalf of Tata Steel. Natasha Jha, Head (Projects, Technology and Improvement), was also in attendance.
Tata Steel aims to capitalize on AI’s potential to boost operational efficiency, trim costs, and bolster its global competitiveness. The Productivity Excellence Award underscores the company’s leadership in fostering economic growth through innovation and technology.
