This term can refer to any action or process that is used to repair, renew or re-establish a tangible or intangible asset. Restoration would generally follow after some form of impairment or damage has occurred and would be aimed at returning something to its former condition.
Safeopedia Explains Restoration
In the context of industry, restoration usually refers to repairing a form of damage that the actions and activities of an industry may have caused. For example, construction companies may be required to restore areas that have been affected by a project. Mining companies may be obligated to restore environments that have been damaged through their activities. Landfills and other waste disposal sites must be restored as well, so that they can be used for other purposes.