Research and Development and Intellectual Property
We have implemented several innovative IT-based platforms in our daily operations and processes so to improve our functional efficiencies and create headroom for our management to focus on our strategic initiatives. Additionally, we engage with renowned institutions, from time to time, to help us with adding specialized functionality to our manufacturing process and interlinked equipment and systems. For instance, we have entered into an agreement with IIT Bhubaneswar to assist us in devising a model-based decision support and control system for accretion control inside the kilns to increase our sponge iron production through a research and development project. As a result of the this engagement, the company has significantly gain not only in increasing its production capacity, but also reduced cost by preventing variations in the process. Our Company has also applied for a patent on heat resistant paint composition based on the operational efficiency achieved by us through our research and development initiatives.