Hindustan Zinc and V-Spark DeepTech Aim for $209 Million Value through AI Industrial Transformation
Hindustan Zinc and V-Spark DeepTech Ventures are targeting a value of $209 million through AI-driven industrial transformation. This initiative is crucial for enhancing productivity and operational efficiency in mining and metallurgical processes.
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Hindustan Zinc Limited, a subsidiary of Vedanta Group, has partnered with V-Spark DeepTech Ventures to initiate 'Zinnovation 2026', aiming for a projected value of $209 million from AI integration. The expected value is derived from improved productivity, cost optimization, asset reliability, energy savings, safety enhancements, recovery rates, and decision-making speed across Hindustan Zinc's operations.
V-Spark will apply these AI use cases across the manufacturing sector, addressing the need for innovation. During the event, memorandums of understanding were signed with XCMG, Sandvik, STL Digital, and AVEVA, while collaborations with startups like Beta Tanks Robotics and Accenture were established for technological evaluations and pilot deployments. Hindustan Zinc is currently engaged with over 50 DeepTech startups across more than 100 projects focused on various operational improvements.
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