Tata Power and IIT Madras to collaborate on R&D, Consultancy, Advocacy, Training and Technology Solutions – EQ Mag Pro

MoU signed to facilitate pursuit of advanced research to future technological projects and campus recruitment opportunities to IIT-M postgraduate students Mumbai & Chennai, 6th December : Tata Power, one of India’s largest integrated power companies and Indian Institute of Technology Madras (IITM), the country’s well-known technical and research university, will collaborate in areas of research and development (R&D), consultancy, policy advocacy, advisory, training and commercialization of technologies and solutions, amongst others.

They have signed a Memorandum of Understanding (MoU) to facilitate this collaboration.

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.

As a part of 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.

Highlighting the unique aspects of this collaboration, 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.”

Speaking about this partnership, 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.”.

In the last few years, Tata Power has fostered a culture of innovation, creativity and entrepreneurship within the organisation for its employees to Design, Develop and Deliver unique energy products, services and solutions. Till date, Tata Power through its Collaboration, Innovation and R&D division has partnered with more than 100 national and international technology and institutions to develop low cost, scalable solutions in the clean energy space.

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.

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.

Tata Power and IIT Madras 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.

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.

ABOUT IIT MADRAS

Indian Institute of Technology Madras (IITM) was established in 1959 by the Government of India as an ‘Institute of National Importance.’ The activities of the Institute in various fields of Science and Technology are carried out in 16 academic departments and several advanced interdisciplinary research academic centres. The Institute offers undergraduate and postgraduate programmes leading to B.Tech., M.Sc.,

M.B.A., M.Tech., M.S., and Ph.D., degrees in a variety of specialisations. IITM is a residential institute with more than 600 faculty and 9,500 students. Students from 18 countries are enrolled here. IITM fosters an active entrepreneurial culture with strong curricular support and through the IITM Incubation Cell.IITM has been ranked No.1 in the ‘Overall’ Category for the third consecutive year in India Ranking 2021 released by National Institutional Ranking Framework, Ministry of Education, Govt. of India. The Institute has also
been ranked No.1 in the ‘Engineering Institutions’ category in the same Rankings for six consecutive years – from 2016 to 2021. It was also adjudged as the ‘Top innovative Institution’ in the country in Atal Ranking of Institutions on Innovation Achievements (ARIIA) in 2019 and 2020. ARIIA Ranking was launched by the Innovation Cell of Ministry of Education.

About Tata Power:

Tata Power (NSE: TATAPOWER; BSE:500400) is one of India’s largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 13,068 MW. The Company has a presence across the entire power value chain – generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics, and trading.

The Company had developed the country’s first Ultra Mega Power Project at Mundra (Gujarat) based on supercritical technology. With 4.2 GW of clean energy generation from solar, wind, hydro, and waste heat recovery accounting for 32% of the overall portfolio, the company is a leader in clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlink’s Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand.

Tata Power is currently serving more than 12 million consumers via its Discoms, under public-private partnership model viz Tata Power Delhi Distribution Ltd. with Government of Delhi in North Delhi, TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited, and TP Southern Odisha Distribution Limited with Government of Odisha.

With a focus on sustainable and clean energy development, Tata Power is steering the transformation an integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and microgrids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al.

With its 107 years track record of technology advancements, project execution excellence, world-class safety processes, customer care, and green initiatives, Tata Power is well poised for multi-fold growth and is committed to lighting up lives for generations to come.

Source : bseindia