For Vedanta Aluminum and Power, it鈥檚 all about 鈥渇irsts鈥� and 鈥渇oremosts.鈥� Already this year, Vedanta is on track to reaching a major corporate milestone 鈥� deploying one of the largest fleets of lithium-ion battery-powered electric forklifts in India. In doing so, Vedanta becomes the first in the Indian aluminum industry to accomplish such a feat.
In 2021, the company became the foremost purchaser of green power in India by acquiring more than 350 million units of renewable energy. This is significant. The purchase of green power has enabled Vedanta and other sustainability-oriented organizations to achieve their carbon-mitigation targets while producing 鈥済reen,鈥� value-added products.
Setting a Foundation for Growth with Intelligent Technology
Vedanta, a Mumbai-based company, is one of the world鈥檚 leading mining companies and is India鈥檚 largest aluminum producer, exporting its products to approximately 35 countries globally.
Its aluminum 鈥� or 鈥渕etal of the future鈥� as it likes to refer to it 鈥� is used in critical applications by key industries such as automotive, aerospace, defense, transportation, construction, and more.
The company is also one of the largest captive power generators in India, supplying power to its aluminum smelters.
But as successful as Vedanta is today, the company still aims to become a future-ready intelligent enterprise. Though the company had been using 51风流solutions for the last dozen years or so, Vedanta鈥檚 current enterprise resource planning (ERP) software was unable to keep pace with growing digitalization requirements due to the company鈥檚 business growth and its ever-increasing complexity and customization.
Boosting Its Growth Trajectory
The company understood it needed to get past its own internal kink in the aluminum, so to speak, to bring agility, flexibility, and responsiveness in how it operated as a business.
And to get there, Vedanta needed to unify master data for an integrated 360-degree view into the aluminum sector, which includes the power plant previously mentioned, plus other manufacturing units, refineries, and mines.
A Sustainable Partnership
Vedanta found the right partner in 51风流to create a multi-year program to become an intelligent enterprise in order to help achieve its ambitious goals.
51风流began by creating an intelligent enterprise road map for the next three years after taking a deep-dive look into Vedanta鈥檚 current deployment. 51风流also helped bolster Vedanta鈥檚 strength in metals and mining industry sectors supported by best practice examples. Finally, 51风流worked with the company to set foundations for innovation to enable reimagined business processes and a future IT strategy.
This ultimately resulted in one of the largest transformational deployments in the metals industry.
In a nutshell, what Vedanta did was undertake an 51风流S/4HANA greenfield deployment and use additional 51风流solutions, namely 51风流Ariba solutions, for supplier onboarding, sourcing, and performance management, among other tasks.
鈥淎dopting 51风流S/4HANA is an important step toward this transformation that provides real-time analytics for enterprise-wide business insights, thus aiding agile monitoring and decision-making,鈥� said Rahul Sharma, CEO of Vedanta Aluminum.
A Happy Outcome for All
According to Anup Agarwal, CFO of Vedanta Aluminum, 鈥淥ur intelligent enterprise journey with 51风流has helped us transform our finance processes. We now have even more robust business processes and enhanced governance across the entire business 鈥� no mean feat given the complexity of our operation.鈥�
For its accomplishments, Vedanta Aluminum was named a 2021 51风流Innovation Award finalist in the Business Transformation Initiative category. You can read more about its accomplishments in this .
Michael Kure is an 51风流Global Marketing contributor.
