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Tata Chemicals wins India's top 25 Most Innovative Companies Award by CII for the third consecutive year

Posted On : 2021-12-17 20:56:02( TIMEZONE : IST )

Tata Chemicals wins India's top 25 Most Innovative Companies Award by CII for the third consecutive year

Tata Chemicals has been ranked among the top 25 most innovative Indian companies by the Confederation of Indian Industry (CII). The award evaluates all kinds of new processes, products, services, technologies, innovations and approaches which brought about tangible results. Tata Chemicals was felicitated with 'CII Industrial Innovation Awards 2021' in a virtual award ceremony held during the 27th edition of DST-CII Technology Summit 2021 today.

Mr Kris Gopalakrishnan, Past President, CII and Chairman, CII Industrial Innovation Awards 2021 along with Dr S Chandrasekhar, Secretary, Department of Science and Technology, Government of India presented the award to Tata Chemicals at the virtual event.

Commenting on the award, Mr R Mukundan, MD & CEO, Tata Chemicals, said "It is an honour to be recoginsed by CII for Excellence in Innovation and be counted amongst the Top 25 Innovative companies for the third year in a row. We will continue to focus on Science differentiated innovation, digitisation and sustainability as key pillars of our Mission Serving Society through Science. This award is a testimony of our commitment to emerge stronger as a sustainable, innovative and science-led company."

Tata Chemicals is focused on delivering value to its customers. At present, the company has four centres for innovation and advancement in India, of which Rallis Innovation Chemistry Hub (RICH) and Agri-Biotech R&D Facility are located in Bengaluru. The other two are - Tata Chemicals Innovation Centre in Pune and Tata Chemicals R&D Centre in Mithapur.

These Centres are hub for technology and innovation to support growth of Tata Chemicals' in Basic Chemistry Sciences, AgroSciences, Nutritional Sciences and Material Sciences. These centers are currently working on more than 20 projects in the areas of food, nanotechnology and biotechnology.

Over the years, CII Industrial Innovation Awards have recognised 179 firms as champions of innovation in their respective industry sectors and segments. These Innovation Awards have also been instrumental in growth of business opportunities for winning firms. The award ceremony saw participation from large, medium and small companies for their revolutionary world class innovations in the past year. It has formulated an Enterprise Innovation Maturity Framework which forms the basis of assessment of firms applying for CII Industrial Innovation Awards.

Shares of Tata Chemicals Limited was last trading in BSE at Rs. 883.75 as compared to the previous close of Rs. 906.90. The total number of shares traded during the day was 99911 in over 7744 trades.

The stock hit an intraday high of Rs. 909.55 and intraday low of 879.00. The net turnover during the day was Rs. 88779483.00.

Source : Equity Bulls


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