On Wednesday, Tata Steel said it inked a pact with a Bengaluru-based startup for drone-based mining solutions for effective mine management. The collaboration is to develop and focus on efficiency, safety, and production to open cast and mining operations that offer sustainable integrated solutions.

“Tata Steel has signed a Memorandum of Understanding (MoU) with Aarav Unmanned Systems (AUS), a Bangaluru-based startup, providing end-to-end drone solutions… for effective mine management,” the company said in a statement.

• Shares of Shriram Pistons skyrocketed 9% on Acquiring Antolin Lighting
• Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban: Bandhan Bank, and Others
• India, Canada Hold Talks to Resume Trade Pact Negotiations

Also said, Tata Steel will also work jointly with AUS to provide exclusive drone-based solutions, including mine analytics and geotechnical mapping, to Tata Steel group companies across mining locations in India.

On the partnership, D B Sundara Ramam, vice president, Raw Materials, Tata Steel, said, “Drone survey enabled digitalization, and other technology will assist in gathering impactful and actionable insights. We see enormous potential in redefining core mining processes such as exploration and mine planning using drone data and adequate analytics.”