Bhubaneswar,swa news : On National Startup Day, Vedanta Aluminium, India’s largest producer of aluminium, reaffirms its commitment to innovation by highlighting successful engagementswith 70+startups tackling critical business challenges within the aluminium sector. These partnerships have resulted in the deployment of over 100 projects under theVedanta Spark initiativeto drive innovation with startups, bringing in robotics, artificial intelligence(AI), computer vision, internet of things (IoT), and smart safety solutions, redefining manufacturing standards, and reinforcing Vedanta Aluminium’s dedication to driving sustainability and technological advancements in the industry.
By leveraging innovative technologies and solutions, these partnerships aim to enhance operational efficiency, optimize production processes, and drive significant cost savings. The collaborations span diverse areas, including volume management, cost reduction, and environmental sustainability. Furthermore, they are instrumental in promoting sustainable practices within the sector, aligning with Vedanta Aluminium’s broader commitment to environmental stewardship and long-term sustainability goals, of achieving Net Zero by 2050.
Speaking on the occasion, Mr Sunil Gupta, COO, Vedanta Aluminium said,“The Indian startup ecosystem is rapidly advancing, with dynamic entrepreneurs and innovative solutions transforming industries and redefining business models. We are excited to collaborate with these startups, whose cutting-edge technologies and fresh ideas will help us drive efficiency, sustainability, and innovation in the aluminium sector. At Vedanta Aluminium, we are proud to work alongside the Vedanta Spark team and startups to bring transformative solutions that are shaping the future of our industry.”
Adding his views, Mr. Amitesh Sinha, Vice President & Head, Corporate Venture Capital & Sparkat Vedanta, said“We believe the future of manufacturing, metals, and mining lies in adopting innovative technologies from startups. The Vedanta Aluminium leadership team has set a strong example by embracing startup collaborations and their cutting-edge solutions. Through Vedanta Spark, we are building a startup ecosystem that drives impact-boosting volumes, cutting costs, and achieving world-class ESG standards. These partnerships not only add value to Vedanta Aluminium but also advance the entire industry.”
Among these collaborative ventures,one notable startup is Infinite Uptime, which focuses on predictive maintenance for industrial machinery using AI-driven analytics. They have deployed 1000+ sensors across 350 pieces of equipment, leading to a remarkable saving of 2,000 hours in unplanned breakdown time, increasing the production hours and help reduce unplanned cost. This highlights their capability in enhancing operational efficiency through innovative technology.
Commenting on the significance of the partnership, Mr. Raunak Bhinge, CEO and Founder of Infinite Uptime, said “Infinite Uptime is grateful to have had Vedanta Aluminium as one of the early adopters of our solution. What began as a small initiative has now grown into a thriving partnership. Vedanta Spark has been instrumental in guiding startups within the Vedanta Group, helping us build strong business cases and navigate the group’s buying processes. The group companies, in turn, have gained significantly from the rapid introduction of innovation across their operations. Their embrace of such technologies highlights Vedanta’s unwavering commitment to driving innovation through startup collaborations.”
Another notable startup is Glovision Techno Services, which specializes in IoT solutions like GPS-based vehicle tracking and asset management. By implementing real-time tracking and automated alerts, Glovision effectively addressed challenges such as increased Turnaround Time (TAT) for coal trucks and safety concerns. This resulted in significant savings of over $5 million over two years, showcasing their expertise in delivering impactful technology solutions.
Looking ahead, Vedanta Aluminium is actively exploring further collaborations with startups in areas such as Smart Pot Solutions and Metal Recovery from Red Mud – both crucial interventions for advancing the aluminium industry.The Smart Pot Solutions project, which would be the first of its kind in an aluminium smelter in the world, is a groundbreaking initiative that promises to redefine industry standards. The Metal Recovery from Red Mud initiative, aimed at extracting valuable metals from industrial waste, aligns with Vedanta Aluminium’s sustainability objectives by transforming waste into aresource that can be utilised.
To foster a culture of innovation and empower employees as intrapreneurs, Vedanta Aluminium has introduced ‘Innovation Cafés’ at its business units. These dynamic spaces act as incubators for passion projects, bringing together employees and business partners to collaboratively address various challenges, leveraging internal expertise to create innovative solutions. At the same time, the company actively supports a thriving ecosystem of rural and micro-entrepreneurs in the regions surrounding its operations, such as project Sakhi which supports female entrepreneurs.
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 2ndin the S&P Global Corporate Sustainability Assessment 2024 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.
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