Tata Power and IIT Madras to collaborate on great R and D
Tata Power and IIT Madras will collaborate in the areas of research and development, consultancy, policy advocacy, advisory, training and commercialization of technologies and solutions amongst others.
A Memorandum-of-Understanding (MoU) has been signed between Tata Power and IIT Madras to facilitate this collaboration.
Tata Power and IIT Madras
Tata Power is one of India’s largest integrated power companies and IIT Madras is well-known technical and research university.
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.
Unique aspects
IIT Madras director Professor Bhaskar Ramamurthi spoke about unique aspects of the collaboration between Tata Power and IIT Madras.
Tata Power and IIT Madras are delighted to partner with each other to pursue research in topics of mutual interest and national importance and provide opportunities for employees to acquire advanced knowledge in emerging areas, said Professor Bhaskar Ramamurthi.
‘Tata Power and IIT Madras are honoured to associated with each other.’ Together, we will collaborate in areas of advanced technology, innovation and knowledge for sustainable changes, he said.
‘We are looking forward to working with some of the most talented and brilliant minds in the country.’
Culture of innovation
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.
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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.
Campus recruitment
Campus recruitment will also be covered under the MoU between Tata Power and IIT Madras. This will involve recruitment of IIT Madras graduates for full time employment or as interns by Tata Power subject to company’s organizational needs.
This activity will be facilitated by the Placement Office at 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.
Tata Power and IIT Madras personnel can also jointly or individually offer short term training programs. This will benefit students of IIT Madras as well as the employees of company on topics of mutual interest.
CSR realm
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 IIT Madras Incubation Cell.
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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 super-critical 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.
S Vishnu Sharmaa now works with collegechalo.com in the news team. His work involves writing articles related to the education sector in India with a keen focus on higher education issues. Journalism has always been a passion for him. He has more than 10 years of enriching experience with various media organizations like Eenadu, Webdunia, News Today, Infodea. He also has a strong interest in writing about defence and railway related issues.
