Aims to reduce lead time by 10-15% and inventory level by 8-10%
Gurugram, May 15, 2023: India’s leading stainless steel manufacturer Jindal Stainless has inked a deal with Dassault Systèmes to strengthen its production planning, scheduling, and execution processes. Having recently merged and doubled its capacity to 2.9 million tonnes per annum (MTPA), this will enable Jindal Stainless to seamlessly manage end-to-end production and operational functions between Hisar (Haryana) and Jajpur (Odisha). By adopting an integrated and fully automated approach to operations management, Jindal Stainless intends to achieve sharper resource utilization, faster capacity balancing, live data synthesis, and accurate predictions, while maintaining high quality standards.
“This is another bold step towards creatively demolishing legacy systems and adopting new-age models of digitization and automation,” said Managing Director, Mr Abhyuday Jindal, about this project. “A few years ago, we were the first organization in the Indian stainless steel industry to digitize the entire customer journey with us. Now, we are working towards 360 degree integration of different operational technologies with real-time dashboards to enable faster decision-making. This aligns with our vision to diversify, expand, and drive long-term growth and innovation in stainless steel. The DELMIA Quintiq and Apriso deployment is a key enabler for us in this journey.”
“Dassault Systèmes’ solutions support the sustainable production of steel by innovative customers like Jindal Stainless Limited,” said Corinne Bulota, Vice President, Infrastructure, Energy and Materials Industry, Dassault Systèmes. “By using our industry solution experiences and DELMIA Quintiq and Apriso applications, Jindal Stainless benefits from a single source of truth that brings real-time visibility, simulation and optimization capabilities. The virtual twin experience of Jindal Stainless’ production systems helps Jindal Stainless improve operational efficiency and product quality significantly, and facilitates data-driven, fast decisions for the decarbonization of steelmaking.”
Jindal Stainless will deploy Dassault Systemes’ “Operations Planning and Scheduling Excellence” industry solution experience based on the 3DEXPERIENCE platform, which leverages DELMIA applications, to meet customer targets and deliver reliable performance. Through this implementation, Jindal Stainless intends to optimize its processes and realize significant benefits like reducing lead time by 10-15% and reduce work-in-progress inventory by 8-10%.
By optimizing its processes and better meeting customer demand, Jindal Stainless aims to not only strengthen its position in core sectors like automotive and infrastructure while expanding in the new spheres of lifestyle and aerospace and defence, but also do so sustainably. This partnership will further reduce product diversions and quality rejections, thereby minimizing carbon footprint. These efforts will not only benefit the environment but also help Jindal Stainless reduce costs and improve efficiency.
About Jindal Stainless
India’s leading stainless steel manufacturer, Jindal Stainless, has an annual melt capacity of 2.9 MT and an annual turnover of INR 35,700 crore (US $4.30 billion as of March’23). It has two stainless steel manufacturing complexes in India, in the states of Haryana and Odisha, and an overseas unit in Indonesia — this unit serves the markets of South-East Asia and nearby regions. Jindal Stainless has a worldwide network in 15 countries and one service center in Spain. In India, there are 10 sales offices and six service centers. The Company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, blade steel, and coin blanks.
Integrated operations — from mining to the manufacturing of finished products — have given Jindal Stainless the edge in cost competitiveness and operational efficiency, making it one of the world’s top five stainless steel players (ex-China). Founded by Shri O P Jindal in 1970, Jindal Stainless continues to be inspired by a vision for innovation and enriching lives and is committed to social responsibility. The Company boasts of an excellent workforce, value-driven business operations, customer centricity and the best safety practices in the industry.