Page 140 - CW E-Magazine (29-7-2025)

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ENTERPRISE-GRADE PROCUREMENT
Tata Chemicals ropes in Digitate to implement

AI-powered spend intelligence solution

Digitate, a US-based software fi rm, audit checks have enhanced
has announced the successful go-live compliance and reduced
implementation of its AI-powered spend risk,” Digitate said. “This
intelligence solution with Tata Chemi- partnership has provided
cals Ltd. (TCL). us with greater visibility
into our spending and signi-
AI-powered spend intelligence solu- fi cantly improved the effi -
tion advances intelligent procurement ciency of our procurement
with near real-time spend classifi cation, teams,” said K.R. Venka-
optimisation, and monitoring. tadri, Chief Commercial
Offi cer of TCL.
By leveraging advanced artifi cial ensured adherence to internal policies.
intelligence for spend classifi cation, spend By automating key processes, the pro- “Together we have unlocked the
optimisation, and spend monitoring to- duct has successfully resulted in eff ort ability to gain deeper insights into the
gether with TCL’s domain knowledge, reduction savings for the charter customer expenditures process and apply it to
Digitate’s ignio cognitive procurement through streamlined repeat purchase numerous spend optimisation strategies.
solution transforms how organisations orders, annual contract management, Through cutting-edge AI technology
optimise spend management as part of and KPI tracking. across spend intelligence, we are con-
their procurement processes and im- fi dent of delivering measurable ROI
prove compliance. “ignio cognitive Additionally, automated reporting and empower TCL and our clients to
procurement gave TCL an exceptional capabilities have reduced the time and achieve their strategic business objec-
visibility into their spending patterns, eff ort required for management reporting. tives,” said Akhilesh Tripathi, CEO of
identifi ed cost-saving opportunities, and Digital controls and automated Digitate.

BUSINESS PLANS
RIL to operationalise new energy operations

in 4-6 quarters

Reliance Industries Ltd. (RIL) will The company has already started into new energy is obviously to provide
be fully operationalising its new energy making HJT (hetero-junction) solar energy security at aff ordable cost for our
business in the next four to six quarters. modules, and is also setting up the entire group’s captive requirements, as
manufacturing for electrolysers, using well as for third party requirements for
“New energy is eff ectively our next the alkaline technology. India’s growing energy needs to sustain
growth engine for Reliance,” said Karan economic growth,” he said.
Suri, Senior Vice President, new energy On its progress on the new energy
during the company’s analyst presenta- projects, including the production of RIL has also started receiving propo-
tion recently. green hydrogen, he informed that RIL has sals from investors to participate in these
started commissioning and completing a projects. “Once we have operationalised
The new energy platform will become number of its plants and rest of the manu- this new energy ecosystem, we will obvi-
self-funded platform through its pro- facturing is in full swing. The company is ously pursue some of these win-win
fi tability as well as monetisation and also on target to achieve 55 compressed partnerships where we will invite and get
“it will deliver a perpetual perennial biogas plants by the end of this year. investments from some of the partners who
growth for Reliance and our share- also commit on the off -take, especially
holders,” he added. “One of the key reasons for us to get when it comes to green chemicals.”

140 Chemical Weekly July 29, 2025

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