Tata Steel Signs An MoU With A Start-Up

 A Bengaluru based start-up Aarav Unmanned Systems (AUS) and Tata Steel have signed an MoU for drone based mining solutions. Tata Steel has entered this deal with the start-up that provides end-to-end drone solutions for effective mine management. The primary goal of this collaboration as stated is to jointly develop and offer sustainable and integrated solutions that will focus on efficiency, safety and productivity of open cast mining operations. 

The companies jointly will provide exclusive drone-based solutions such as mine analytics and geo-technical mapping to Tata Steel group companies across mining locations in India. The end-to-end mining solutions are economical, demand fewer men working on-site and improve production, efficiency and site safety. 

The company aspires to make use of the opportunities arising out of the Government's Atmanirbhar Bharat Programme by creating a sustainable mining business. Digitalization enables the usage of real-time data and data analytics, provides visualisation and decision matrix tools to predict failure, optimises scheduling and material flow and helps with overall monitoring of flow of data and materials. 

Tata Steel has announced a stock split. A stock split is a split of stock of one share reducing its value by half which means the current shareholders will hold twice the shares at half value but the total value does not change. A company usually announces a stock split when the stock price has shot up so much over a period of time that it is a burden to new investors. With the company doing well in Europe and doing marginally lower with the export moderation in India, the company has still done well at the stock market.