0.05 (0.03%) Tata Steel’s subsidiary -- Tata Steel Mining (TSML) has signed a Memorandum of Understanding (MoU) with French Cleantech Company METRON, to design and implement an advanced energy management and optimisation platform for the company's Ferro Alloys Plant located at Athagarh in Odisha's Cuttack district.
According to the MoU, the software solution developed by METRON will enable Tata Steel Mining monitor, analyse, and optimise energy consumption in real time and reduce carbon footprint across plant utilities. It will help digitalise energy to decarbonise territories, optimise energy consumption, reduce costs, and improve overall operational efficiency.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.