: Technology Hub for Steel Manufacturing to be setup at IIT Bombay with JSW Group support #FinanceIndia #StockMarketNEWS Technology Hub for Steel Manufacturing to be set-up at IIT Bombay with JSW Group

@StockMarketNEWS Mon 22 Aug, 2022

Posted in: #FinanceIndia #StockMarketNEWS

Technology Hub for Steel Manufacturing to be setup at IIT Bombay with JSW Group support #FinanceIndia #StockMarketNEWS
Technology Hub for Steel Manufacturing to be set-up at IIT Bombay with JSW Group support Mumbai, Aug 20 (KNN) To expand the production of quality steel in India, IIT Bombay and JSW Group have joined hands to establish a JSW Technology Hub for steel manufacturing.

The steel manufacturing hub will be built inside the premises of the Centre of Excellence in Steel Technology (CoEST) which was earlier set up by IIT Bombay.

Under this partnership, the JSW group will provide the financial and technical support to build a world-class infrastructure to undertake a wide range of R&D for steel manufacturing and its use. IIT Bombay will also set up a Sajjan Jindal Steel Professor Chair to enable focused training and research on new and emerging technologies in steel manufacturing.

“The partnership with IIT Bombay will also allow JSW Group to undertake and intensify R&D efforts in the Steel sector to develop competent capabilities in the area of steel technology for the Indian conglomerate. The JSW Technology Hub will also be the nodal point for JSW Group’s research activities beyond the steel domain," said the institute.

The organisations will jointly collaborate to undertake research to develop patented industrial applications and solutions. SW could decide to operationalize as well as commercialize these industrial applications in the future. A Joint Steering Committee will be established with representation from both organisations.

“Our strategic partnership with IIT Bombay is a one-of-its-kind industry-academia collaboration for the advancement of research in steel manufacturing. This powerful combination will jointly leverage IIT Bombay’s knowledge-rich faculties and JSW’s technical capabilities to develop novel industrial applications for steel manufacturing with a focus on low carbon emissions, "Sangita Jindal, Chairperson of JSW Foundation said.

Jindal further added that this partnership will also initiate new academic courses while consolidating existing courses.

“We will also provide academic and technical leadership in broad areas of research while working towards increasing steel consumption in the country,” he said.

IIT Bombay- JSW group collaboration is another step in the direction to further strengthen the Indian steel industry. (KNN Bureau)