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    500404   INE947A01014

SUNFLAG IRON AND STEEL COMPANY LIMITED

(500404)
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ABB commissions digital platform integration for Sunflag Steel to enable better metals plant decision making

06/15/2021 | 07:07am EDT

Project improves end to end production visibility and helps digitalize operations using ABB Ability Data Analytics Platform for metals.

Working alongside Sunflag Iron and Steel Company Ltd. in Bhandara, India, global technology company ABB has achieved successful integration of its ABB Ability Data Analytics Platform for metals, tying together all manufacturing and operational data of steel melt shop and rolling mills to improve production planning and plant performance optimization.

The plant, which has a capacity to produce 500,000 metric tons of high-quality special steel per annum, now has the platform to integrate data sources across 17 operational areas, including non-ABB systems. A key example is that information technology (IT) and operational technology (OT) has converged to positively impact Sunflag's steel melt shop (SMS) and rolling mills.

ABB integrated with the existing automation systems for process and quality monitoring in real time, aligning with user-friendly operator dashboards available via a web page on mobile. The platform enables identification and diagnosis of issues or use of extra resources.

ABB provided domain expertise for systems that improve overall process visibility

ABB Ability Data Analytics Platform for metals will help optimize the production of finished steel rolls

ABB provided domain expertise for systems that improve overall process visibility

ABB Ability Data Analytics Platform for metals will help optimize the production of finished steel rolls

ABB provided domain expertise for systems that improve overall process visibility

ABB Ability Data Analytics Platform for metals will help optimize the production of finished steel rolls

(1/2) ABB provided domain expertise for systems that improve overall process visibility

'Together we're looking forward to realizing the full benefits of enhanced operations and quality,' said Ragunath Satyan, Industry Lead for Metals, ABB India. 'ABB Ability Data Analytics Platform for metals will provide clear advantages in terms of monitoring and troubleshooting daily process and quality issues.'

'We have ensured that Sunflag Steel's people have visualization of real time plant operations on the most modern dashboards. This will allow for better decision making and will ultimately show returns in productivity, quality and resource efficiency.'

It is one of the first global implementations of ABB's integrated plant monitoring system in the metals industry, and is part of a long-term vision across process industries for a future where the physical and digital worlds are connected, scalable and harness machine learning potential.

The project has been part of a wider digital transformation engagement with the customer, with ABB providing domain expertise for systems that improve overall process visibility to enable data driven business decision making.

'We're proud to have had the opportunity with Sunflag Steel to showcase and implement ABB Ability Data Analytics Platform for metals for all manufacturing and operational data of steel melt shop and rolling mills on site,' added Ragunath Satyan.

ABB Ability solutions combine ABB's deep domain expertise with connectivity and software innovation to empower real time, data-driven decisions for safer, smarter operations that maximize resource efficiency and contribute to a low-carbon future. A large portfolio of digital solutions helps organizations automate, optimize and future proof their business to achieve new heights of performance and drive sustainable progress.

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ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB's success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

Process Automation: ABB's Process Automation business is a leader in automation, electrification and digitalization for the process and hybrid industries. We serve our customers with a broad portfolio of products, systems, and end-to-end solutions, including our #1 distributed control system, software, and lifecycle services, industry-specific products as well as measurement and analytics, marine and turbocharging offerings. As the global #2 in the market, we build on our deep domain expertise, diverse team and global footprint, and are dedicated to helping our customers increase competitiveness, improve their return on investment and run safe, smart, and sustainable operations.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ABB INDIA LIMITED 0.94% 1712.25 End-of-day quote.41.26%
ABB LTD -0.68% 33.47 Delayed Quote.36.34%
SUNFLAG IRON AND STEEL COMPANY LIMITED 3.32% 87.05 End-of-day quote.44.72%
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Financials
Sales 2021 18 916 M 254 M 254 M
Net income 2021 1 406 M 18,9 M 18,9 M
Net Debt 2021 1 509 M 20,3 M 20,3 M
P/E ratio 2021 8,04x
Yield 2021 -
Capitalization 15 688 M 211 M 211 M
EV / Sales 2020 0,46x
EV / Sales 2021 0,68x
Nbr of Employees 1 199
Free-Float 24,5%
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Managers and Directors
Pranav Ravi Bhushan Bhardwaj Managing Director & Executive Director
S. Mahadevan Iyer Chief Financial Officer
Ravi Bhushan S. D. Bhardwaj Non-Executive Chairman
Ashutosh Mishra Secretary & Compliance Officer
Ramnath Chandra S. Edayathimangalam Independent Non-Executive Director
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