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NMDC becomes first PSE to introduce ERP on SAP - S/4 HANA platform

Posted On: 2021-01-12 03:40:22 (Time Zone: Arizona, USA)

NMDC, India's largest iron-ore miner, and a Navaratna PSE today announced implementation of SAP Enterprise Resource Planning (ERP) solution. This solution will help to integrate and consolidate all the business process end-to-end and will lead to improvement in operational efficiency.

The go-live event was flagged off today by Shri Sumit Deb, CMD, NMDC and graced by Shri P.K. Satpathy, Director (Production), Shri Amitava Mukharjee, Director (Finance), Shri Alok Kumar Mehta, Director (Commercial), Shri Somnath Nandi, Director (Technical) and other senior officers of NMDC and Senior Executives of Implementation Partner, Accenture and Project Management Consultant (PMC), Deloitte.

NMDC decided to implement ERP to improve performances in areas like Production, Procurement, Dispatch Management, Inventory Management, Finance, Human Resource Management, etc. It will also result in better transparency, ease of doing business and overall improvement in customer satisfaction.

Shri Sumit Deb, CMD, NMDC on this occasion said "NMDC has always been in the forefront in enhancing economic & social values and simultaneously focusing on optimum utilisation of resources by adopting latest technological initiatives. The ERP will place NMDC in a different league in mining sector. He also mentioned that NMDC will be the first CPSE to implement ERP solutions on the most advanced platform SAP - S/4 HANA, on such a large scale, with over 2000 professional user licenses together with industry solution for mining and steel."

This project has been implemented under the guidance of Shri Amitava Mukherjee, Director (Finance). Speaking on the occasion, he said, the ERP system is not just to secure NMDC's future, but also displays our commitment to stakeholders and bring in more transparency in our business operations. This new ERP system will also form a backbone for the future digital initiatives. He further mentioned that in spite of additional challenges on account of COVID-19 pandemic, the Go-Live have been accomplished in 21 months.

Shares of NMDC LTD. was last trading in BSE at Rs.128.6 as compared to the previous close of Rs. 125.5. The total number of shares traded during the day was 696152 in over 4514 trades.

The stock hit an intraday high of Rs. 130.25 and intraday low of 123.7. The net turnover during the day was Rs. 87983131.

Source: Equity Bulls

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