IIT Bombay partners with Jindal Stainless to set up prestigious Chair Professorship

IIT Bombay signed an agreement with Jindal Stainless to establish a Chair Professorship at the Institute. This Chair will support and enhance research in industrial processes and product technologies in the stainless steel sector. An existing and eminent professor of IIT Bombay, with an excellent track record of research work, will be appointed on the prestigious chair. The first Chair professor will be selected from the Institute's Department of Metallurgical Engineering and Materials Science at IIT Bombay.

Speaking about this initiative, Director, IIT Bombay, Prof Subhasis Chaudhuri, said, "This is a great opportunity to further R&D within the stainless steel space, as the Chair will leverage the existing knowledge base and promote academic work and pioneering research in this domain. This will aid in problem-solving and promote best practices not just within the academic community, but the engineering community as well. We are happy to partner with India's largest and globally acclaimed stainless steel manufacturer for the promotion of research and development in this area."

Further adding on this development, Managing Director, Jindal Stainless, Mr Abhyuday Jindal, said, "Jindal Stainless is committed to deepening industry-academia collaboration with the larger purpose of building a corrosion-free India. This Chair professorship strengthens that very commitment, as it will help drive more innovation and research in the field of steel metallurgy. Our goal is to emulate and create new benchmarks in durable and sustainable infrastructure. Partnering with a prestigious institute like IIT Bombay will, undoubtedly, help further these objectives."

Shares of Jindal Stainless Limited was last trading in BSE at Rs. 476.05 as compared to the previous close of Rs. 479.70. The total number of shares traded during the day was 22108 in over 933 trades.

The stock hit an intraday high of Rs. 486.00 and intraday low of 470.00. The net turnover during the day was Rs. 10509973.00.

Source : Equity Bulls

Keywords

JindalStainless INE220G01021 JSL IITBombay ChairProfessorship