Jindal Stainless ropes in Dassault Systemes to manage production, operational functions

PTI Updated - June 15, 2023 at 08:19 PM.
Managing Director of Jindal Stainless (JSL) Ltd Abhyuday Jindal (L) signs a pact with VP, Worldwide Business Transformation, Dassault Systemes, Eric Leveugl, in Dusseldorf

Jindal Stainless Ltd (JSL) said it has roped in France-based Dassault Systemes to manage "end-to-end" production and operational functions at its Hisar and Jajpur units.

The deal was signed between JSL Managing Director Abhyuday Jindal and Eric Leveugle, Vice President, Worldwide Business Transformation, Dassault Systemes at Dusseldorf in Germany on Thursday, the company said in a statement.

"JSL has inked a deal with Dassault Systemes 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 JSL to seamlessly manage end-to-end production and operational functions between Hisar (Haryana) and Jajpur (Odisha)," it said.

By adopting an integrated and fully automated approach to operations management, JSL intends to achieve sharper resource utilisation, 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 digitisation and automation.

"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," Jindal said.

"The virtual twin experience of JSL’s production systems helps JSL improve operational efficiency and product quality significantly and facilitates data-driven, fast decisions for the decarbonisation of steelmaking," said Corinne Bulota, Vice President, Infrastructure, Energy and Materials Industry, Dassault Systemes.

Through the deal, JSL said, it intends to optimise its processes and realise significant benefits like reducing lead time by 10-15 per cent and reducing work-in-progress inventory by 8-10 per cent.

Published on June 15, 2023 14:48

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.