EIL, CSIR-CSIO ink agreement for joint commercialization of Earthquake Warning System

The MoA cum Transfer of Technology (ToT) Agreement was signed on June 30, 2022.

July 01, 2022 2:45 IST | India Infoline News Service
Engineers India Limited (EIL), New Delhi & CSIR-CSIO, Chandigarh on Friday signed an agreement for joint commercialization of Earthquake Warning System.

Engineers India Limited (a Navratna PSE under Ministry of Petroleum and Natural Gas) is engaged by CSIR-CSIO as the technology commercialization partner for next five years on 30.06.2022.

The MoA cum Transfer of Technology (ToT) Agreement was signed on June 30, 2022 in the presence of Vartika Shukla, C&MD, EIL and Prof. S. Anantha Ramakrishna, Director, CSIR-CSIO.

Under this agreement, CSIR-CSIO and EIL will jointly commercialize the technology of “Earthquake Warning System” (Technology "EqWS" developed by CSIR-CSIO is in operation for Delhi Metro Rail Corporation since August 2015). This agreement will not only help save lives in future but also help both the organizations to increase the scope of application areas e.g. critical infrastructures/installations where this technology can be put to use.

According to the filing, EIL is a premier engineering consultancy company having experience in scale-up of lab/bench scale level processes to demonstration/commercial-scale processes and preparation of basic design & engineering packages for various process technologies.

CSIR-CSIO is a premier research & development organization dedicated to research, design and development of scientific and industrial instruments to stimulate growth of Instrument and automation Industry in India covering wide range and applications.

At around 2:38 PM, Engineers India was trading at Rs58.50 per share up by Rs1.5 or 2.63% from its previous closing of Rs57 per share on the BSE.

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