THYSSENKRUPP, TATAs NEAR DECISION ON STEEL JV BOARD
Germany's ThyssenKrupp and Tata Steel are close to deciding who will lead their planned European steel joint venture, four people familiar with the matter said on Friday. Settling on the venture's leadership has been delayed by a strategy crisis and change of CEO at the German industrial conglomerate, which has said it would split into two companies. The hold up has riled the ThyssenKrupp workforce. A labour leader on Wednesday said there would be “trouble” if the matter was not resolved soon. Andreas Goss, head of Thyssenkrupp's steel unit, is the front runner to become chief executive of the combined entity, which will be Europe's second-largest steelmaker.
Skylark Drones, one of the fastest growing drone solutions companies, aims to put its technology to use at Tata Steel’s flagship Noamundi iron ore mines by the next financial year.
The Bengaluru-based startup is in talks with the steel monolith for a tie-up, and the engagement could mean offering a standalone software solution or deployment of complete end-to-end solutions. Noamundi, one of the oldest operating mines in India, is in Jharkhand’s West Singbhum district.
“We have co-created India’s first mine monitoring system with Tata Steel, under the directives of the Indian Bureau of Mines. This encompasses three facets — compliance, monitoring and surveillance. As part of the engagement, we will have drone-based analytical capabilities to aid in compliance reporting, monitoring volumetric production and automating lease boundary management,” said Gokul Kumaravelu, lead marketing at Skylark Drones.
Drone solutions are expected to help Tata Steel run its mines more effectively and grow productivity, besides ensuring higher regulatory compliance. With the Ministry of Civil Aviation unveiling its drone policy, and commercialising their usage, Skylark Drones is eyeing wider applications. “We have been awaiting regulatory interventions. Now, we are aiming to get our drones compliant by January or February next year,” Kumaravelu said.
The ministry’s drone policy has gone live, and online registration of drones has kicked off from December 1. Flying drones or remotely-piloted aircraft have become legal in India from December 1, with the National Drones Policy drafted by the aviation ministry coming into effect. The new policy called “Drone Regulations 1.0” clarifies where, when and how drones can operate within India. The directorate general of civil aviation (DGCA) has designed five categories of drones — nano, micro, small, medium and large.