National Start-up Day: Vedanta Aluminium showcases its digital innovations in collaboration with startups
17th January 2024
- The company organized a special knowledge-sharing session withstartup partners
- Collaborating with nearly 60tech startups on over 90 projectstoenhance operational excellence
New Delhi;17thJanuary 2024:On National Startup Day, Vedanta Aluminium, India’s largest producer of aluminium, is celebrating its collaboration with nearly 60 cutting-edge technology startups on 90 diverse projects.Going beyond conventional notions of manufacturing, the company is utilising Industry 4.0 technologiessuch asArtificial Intelligence (AI), Natural Language Processing (NLP), Machine Learning (ML),Drone technology,Computer Vision, Roboticsand more, to drive operational excellence and innovation across its functions.
In celebration ofNational Startup Day, the company invited several leadingstartups for amultifaceted knowledge-sharing session to showcase the successful outcomes of their collaboration and demonstrate the impact of emerging technologies across Vedanta Aluminium’s critical operations. These include diverse scenarios such as the company’s smelters, alumina refinery, power plants,mines,material handling, supply chain, and HSE (Health, Safety, and Environment) practices.
Aligned with the ethos of ‘Startup India’ and ‘Make in India’, this endeavour was an integral facet of the company’s initiative, Vedanta Spark, a unique global corporate innovation, accelerator, and venture program that empowers startups to create large-scale impact by leveraging transformative technologies to solve business challenges at scale. Under the Vedanta Spark project, Vedanta Aluminium has fostered partnerships with deep tech startups for projects like predictive and prescriptive analyticsto enhance operational efficiency insmelters, IOT solutions forcontinuous monitoring of critical production parameters, advanced modelling for quality control of finished goods, startup optimization ofpower plants, AR/VR/XRsimulations for safety training of employees, drone-basedsurveillance, and many more.
Speaking on the occasion, Mr. John Slaven, CEO, Vedanta Aluminium said, “The rise of India’s economy to global prominence is fuelled by itsyouthful dynamism and unwavering entrepreneurial zeal. The nation is home to one of the world’s most thriving startup and entrepreneurial ecosystems. As India’s largest producer of aluminium, Vedanta Aluminium complements the relentless drive radiating from these startups, leading to collaborative efforts for global excellence. With aluminium emerging as the cornerstone for a sustainable future, our path to exponential growth relies on being digital-first and future-ready.Therefore, we actively collaborate with tech startups, infusing cutting-edge technologies and global expertise to elevate our manufacturing and operational excellence.”
Commenting on the collaboration, Raju Yadati – Founder & Director, Glovision Techno Services Pvt. Ltd.says, “At Glovision, we build cutting-edge cloud-based IOT applications for Vedanta Aluminium to optimize logisticsand transportation, thereby contributing to safer and more productive mining operations. It has been our privilege to work with the company.”
Adding his views, Himanshu Srivastava, Director – Customer Success, ZestIOT, “We have deployed our propriety deep tech AI/ML algorithms which are used at the company’sJharsuguda smelter operations to enhance accuracy and transparency in critical operations. We thank Vedanta Aluminium for their mentorship, which has been invaluable.”
To cultivate a culture of innovation and transform employees into intrapreneurs, Vedanta Aluminium has established‘Innovation Cafés’ across its business units. These vibrant spaces serve as incubators for passion projects, where employees and business partners collaborateto tackle diverse business challenges, pooling internal expertise and producing innovative solutions.Simultaneously, the company actively nurtures an extensive ecosystem of rural and micro-entrepreneurs in its operational regions, which liein the hinterlands of the nation. Vedanta Aluminium’s expansive value chain, customer network, and supplier network have not only fostered numerous MSMEs but have also elevated manyto the status of valued suppliers and esteemed business partners for the company, helping them become a part of the global value chain.
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the Dow Jones Sustainability Index (DJSI) 2022 world rankings for aluminium industry, a reflection of its sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Business:
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
For more information, please log on to www.vedantaaluminium.com
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This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
