MOU
NALCO NIT-Rourkela and NITRAA to set up Centre of Excellence
Bhubaneswar: In yet another step of Journey of Excellence, NALCO has inked a Memorandum of Understanding with NIT Rourkela & NIT Rourkela Alumni Association (NITRAA) for creation of a Centre of Excellence with the objective of collaboration to develop entrepreneurs by supporting technology-driven start-up companies to improve manufacturing & service delivery competitiveness.
The partnership among the 3 partners i.e., Aluminium behemoth NALCO, premier institute NIT Rourkela and NITRAA, supported by IIT, ICT & DST is aimed at developing an ecosystem for promoting entrepreneurship, to promote a knowledge environment by collaborating with research institutes and universities in both, core and enabling technology areas. This will foster creativity, innovation and improve competitiveness in specific technological needs of the host institute and other industries.
The incubation centre will be located at NALCO’s Research and Training Centre at Gothapatna, Bhubaneswar, where the aluminium giant is developing a world-class research facility to benefit the aluminium sector.
Dr. K. Rajeswara Rao, IAS, Additional Secretary, Ministry of Mines praised this new initiative and urged the 3 partners to develop an ecosystem that will encourage fresh ideas and innovative practices.
On this occasion, NALCO rewarded 50 employees of the Company with ‘Excellence Award’, with an aim to foster a culture of high performance, professionalism and excellence at workplace.
Speaking on the occasion Dr. Chand, said, ‘The hardwork and dedication of the employees are paying off in all fronts – production, productivity and profitability’.
Read Also : Indian Air Force ushers in Digital Transformation with DigiLocker Integration
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station