Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Jindal Stainless Limited advances digitization level for AOD converter

Posted On: 2020-02-19 14:47:08


Jindal Stainless Limited (JSL), India's largest stainless steel manufacturing company, has successfully completed level-2 process automation for its Argon Oxygen Decarburization (AOD) converter at its Jajpur plant in Odisha. The automation process has helped the Company achieve ~ 10% improvement in productivity with the help of real-time carbon and temperature analysis during production. This process was completed in a short span of two weeks with Primetals Technologies Limited as the implementation partner. This is the second digital transformation adopted by the Company after last year's migration to SAP BW/4HANA.

Commenting on this development, Managing Director, JSL, Mr Abhyuday Jindal said, "This automation process is a part of our continuous endeavour to attain better operational efficiency and offer improved product quality to our customers by adopting breakthrough technology. We will continue our efforts to migrate our manufacturing ecosystem towards 100% digital avatar that would unlock enormous value for JSL and its partners."

The upgraded AOD converter will improve overall refining operations at the facility. Level-2 process automation is a dynamic process model which will allow both, advance calculations and online simulation of processes. Advance calculations shall result in significantly trimming errors as input materials will be prepared in advance. This dynamic process model is based on dozens of metallurgical equations which use cyclic online calculations to analyse the chemical reaction in the AOD converter both, in real time and at a point in future. This improves the process accuracy and the quality of the stainless steel produced. The upgrade will also help in collating a valuable knowledge database for use in future optimizations and new developments.

AOD process is used worldwide to primarily produce stainless steel and other high-grade alloys. The process filters out carbon and other impurities to achieve better product quality. JSL has been operating its AOD converter since 2011. The newly upgraded level-2 system offers a large number of interfaces and is now integrated with the existing technological set-up at JSL.

In early 2019, Jindal Stainless had become an early adopter of SAP BW/4HANA, one of the world's fastest data warehouse and reporting systems. This transition helped the organization reduce the time taken for real time inventory reporting from 30 minutes to just a minute. In April 2017, Jindal Stainless had undertaken a digital revolution by upgrading its ERP applications and migrating to the HANA database on Cloud. It enabled business transactions and report analysis to become 10 to 15 times faster.

Shares of JINDAL STAINLESS LTD. was last trading in BSE at Rs.39.05 as compared to the previous close of Rs. 40.25. The total number of shares traded during the day was 19814 in over 156 trades.

The stock hit an intraday high of Rs. 39.95 and intraday low of 38.85. The net turnover during the day was Rs. 774962.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Castrol India Ltd appoints Mr. Udayan Sen as Nominee Director

RBL Bank allots 12580 shares

India Ratings Revises IndusInd Bank's Outlook to Negative; Affirms 'IND AA+'

Force Motors Ltd March 2020 sales drops 78.70% YoY

Moody's places IndusInd Bank's ratings under review for downgrade

DCB Bank announces revised Marginal Cost of Funds based Lending Rate

DCB Bank revises External Benchmark Linked Rate

CRISIL reaffirms ratings of Bhagwati Autocast Ltd

H.G. Infra Engineering Limited Supports India's Fight Against COVID-19

ICRA downgrades rating of PNB Housing Finance Limited's NCDs and Tier II bonds

Persistent Systems contributing Rs. 25 Crores ($3.3M) in support of COVID-19 efforts globally

CARE has reaffirmed issuer rating of Ashiana Housing Ltd

IDBI Bank updates on Moody's rating

CARE reaffirms rating of DCB Bank Limited

Sunteck Realty Limited's 'AA-' long-term and 'A1+' short-term ratings reaffirmed by CARE

PTC India Financial Services Ltd updates on credit ratings

Parsvnath Developers Ltd announces interest holiday to all its customers for 3 months

APM Terminals Pipavav offers Free Container Storage service at the port

NMDC revises iron ore price from April 4, 2020

Blue Dart ensures continuity of essential supply chain for the nation during COVID-19 outbreak

Nestlé India Extends Its Commitment To India's Fight Against COVID-19

Mr. Sunil D'Souza joins as Managing Director & CEO of Tata Consumer Products Ltd

TCPL Packaging Limited update on non-disposal undertaking by Promoter Group Companies

Moody's downgrades AXIS Bank outlook to Negative

HDFC Bank advances increases to Rs. 9,930 billion as of March 31, 2020

M&M Holds a Special Board Meeting to Review Investment in SsangYong Motor Company

Moody's affirms deposit ratings of ICICI Bank

GMR Infrastructure Limited updates on tariff order

Lasa pledge to contribute for fight against COVID 19

ICRA reaffirms ratings of HLE Glascoat Limited

Dhampur Sugar Mills Ltd starts hand sanitizers production at Asmoli unit

IEX assures the nation of 24X7 access to facilitate uninterrupted power supply

A kind initiative by UNO Minda group to fight against Corona

NMDC contributes Rs.60 Lakh to Ballari District Administration to support the fight against COVID-19

Ind-Ra revises long term issuer rating of HCL Infosystems Ltd

Oriental Aromatics Ltd starts partial production at Bareilly

Vedanta doubles its contribution to Rs. 201 crores to fight COVID-19

UPL contributes Rs. 75 Crore to PM-CARES Fund

IEX announces performance for March 2020

MOIL contributes Rs 45 crore in PM Cares Fund

KEI Industries Ltd. extends support to ISKCON Delhi to feed more than 2 lakh homeless daily

Ajanta Pharma commits Rs. 6 crore to fight COVID-19 pandemic

The Ramco Cements Ltd contributes Rs. 2.50 crores to Tamil Nadu CM Relief Fund

IDBI BANK LTD board to consider rupee bond borrowings limit for FY 2020-21

Raymond Ltd allots 18,54,599 shares

OnMobile Global Ltd board to consider buyback on Apr 9, 2020

National Fertilizers Ltd registers highest-ever Fertilizer sale in 2019-20

ITC Salutes its Frontline Warriors in the fight against Corona

Sportking India Ltd starts operations at Bathinda unit

Cyient to Partner with Hitachi Rail to Accelerate Signaling Technology Deployment







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019