Tata Power and IIT Madras to tie-up for R&D, Consultancy, Advocacy, Training and Technology Solutions

The duo has signed a Memorandum of Understanding (MoU) to facilitate this collaboration.

December 06, 2021 12:43 IST | India Infoline News Service
Tata Power
Tata Power and  Indian Institute of Technology Madras (IITM), the country’s well-known technical and research university, on Monday announced their plan to collaborate in areas of research and development (R&D), consultancy, policy advocacy, advisory, training and commercialisation of technologies and solutions, amongst others. The duo has signed a Memorandum of Understanding (MoU) to facilitate this collaboration.

Under the MoU, Tata Power and IIT Madras will aim to pursue advanced research in areas of future technology. The agreement also includes campus recruitment opportunities to postgraduate students of IIT Madras.

Dr Praveer Sinha, CEO & MD, Tata Power, said, “We are honoured to associate with IIT Madras. Together, we will collaborate in areas of advanced technology, innovation and knowledge for sustainable changes. We are looking forward to work with some of the most talented and brilliant minds in the country."

Prof. Bhaskar Ramamurthi, Director, IIT Madras, said, “IIT Madras is delighted to partner with Tata Power to pursue research in topics of mutual interest and national importance and provide opportunities for employees to acquire advanced knowledge in emerging areas.”

Considering IIT Madras’ national and international excellence in technical education, basic and applied research, innovation, entrepreneurship and industrial consultancy and Tata Power’s team of in-house experts, there is an immense potential for this collaboration to have a high transformational impact. 

A few objectives agreed upon by Tata Power and IITM as a part of the tie-up are Collaborative Research Projects including research-based and consulting projects supported by the Center for Industrial Consultancy and Sponsored Research (IC&SR), IIT Madras.

Notably, campus Recruitment will also be covered under the MoU and will involve recruitment of IIT Madras graduates for full time employment or as interns by Tata Power subject to company’s organisational needs. This activity will be facilitated by the Placement Office, IIT Madras.

Also, Tata Power and IIT Madra may enter into modalities governing each of them with regard to research interaction visits and/or sabbaticals if any and through virtual means and /or invite each other to respective research laboratories for detailed discussions. In addition to this, Tata Power employees and IIT faculty can also participate on each other’s committees and Boards.

Under this initiative, employees of Tata Power can enroll for various degree programs such as M.Tech., M.S. and Ph.D. offered by IITM after securing admission through due process into the desired programs. IITM and Tata Power personnel can also jointly or individually offer short term training programs This will benefit students of IITM as well as the employees of company on topics of mutual interest.

Further, Tata Power and IIT Madras can also come together to engage in CSR realm. The company can also choose to make grants to support faculty research or to support students on scholarships and fellowships. Tata Power and IIT Madras may also explore to work together with the start-up companies collocated in the IITM Incubation Cell.

At around 12.41 pm, Tata Power was trading at Rs223.35 per piece on Sensex down by 1%.

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