Vedanta Aluminium introduces Robotic Process Automation in Commercial function
17th February 2023
- Becomes the first within India’s metal & mining industry to do so
New Delhi; 17th February 2023: Vedanta Aluminium, India’s largest producer of aluminium, has introduced Robotic Process Automation (RPA) in its Commercial function, becoming the first within India’s metal & mining industry to undertake hyperautomation of the entire Commercial process. With multiple, large-scale plant operations, a vast customer footprint and an extensive supplier network, Vedanta Aluminium’s commercial function is a strategic function that holds significant potential to unlock value for the company.
The deployment of RPA in the business’ commercial function will enhance the Commercial Maturity Index of Vedanta Aluminium by enabling the standardization of processes through optimal inventory management and proper aggregation of demand, improve productivity of employees and infuse significant agility into the ways of working. By deploying software robots to replace human effort in performing mundane, repetitive tasks and render them touchless, paperless and accurate, the company aims to make the workflows of Commercial function faster, seamless and consistent. This will also give the company rich data via tracking of various parameters on a real-time basis, thereby aiding in faster decision-making on critical business parameters.
Speaking about the initiative Mr. Rahul Sharma, CEO – Vedanta Aluminium said, “Aluminium is the metal of the future, owing to its diverse applications in the clean technologies of tomorrow. As one of the world’s top aluminium producers, we aim to make our operations future-ready. This has seen us undertake the digital transformation of our plants and processes, harnessing the potential of Industry 4.0 and Web3 for manufacturing excellence. To this end, we are also working with nearly 40 technology start-ups in the areas of manufacturing, energy and healthcare, for value creation, volume growth, cost efficiency, excellence in business and ESG (Environment, Social & Governance).”
This initiative was executed in collaboration with Crave Infotech, a global fast-growing tech company with deep expertise in SAP Business Technology Platform (BTP), Digital Supply Chain, Industry 4.0, and Enterprise Mobility Enablement with quick-to-deploy Intelligent Asset Management, Supply Chain Management, and Warehouse Management solutions.
Shrikant Nistane, CEO – Crave Infotech said, “We have been pushing the envelope for innovation in process automation, powered by Business Technology Platform (BTP) and structured through industry-specific intelligence. It’s great to work with Vedanta Aluminium, who’s also driven toward tech-backed process improvements. We leveraged our expertise in Digital Supply Chain, and enterprise intelligence to help bring this Industry 4.0 and RPA vision to fruition.”
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.27 million tonnes in FY22. 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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Disclaimer:
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.
