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Hindustan Zinc Bets ₹2,000 Cr on AI Transformation
15 May
Summary
- Hindustan Zinc aims for ₹2,000 crore value via AI transformation.
- AI use cases target productivity, cost, and safety improvements.
- Company collaborates with over 50 deep tech startups on 100 projects.
Hindustan Zinc, part of the Vedanta Group, is poised to achieve ₹2,000 crore in value through a significant AI-led industrial transformation. This strategic initiative leverages V-Spark DeepTech Ventures to unlock value across its mines and smelters.
The projected gains stem from improvements in productivity, cost optimization, asset reliability, energy efficiency, and enhanced decision-making. These advancements aim to refine operations and bolster safety measures.
Through V-Spark DeepTech Ventures, Hindustan Zinc is fostering innovation by engaging with over 50 deep tech startups. These collaborations span more than 100 projects focused on production enhancement, cost reduction, and ESG leadership.
Priya Agarwal Hebbar, Chairperson of Hindustan Zinc, emphasized the integration of technology into the company's core operations, aiming to set a global benchmark for a 21st-century metals enterprise. Akarsh Hebbar, Chairman of V-Spark DeepTech Ventures, highlighted AI's role in industrial leadership and collaborative innovation ecosystems.
