IIT Kharagpur inked a Memorandum of Understanding (MoU) with HCLTech, a leading global technology company on 31 May 2023, to collaborate in the field of petroleum engineering and earth sciences. HCLTech and IIT Kharagpur will jointly develop innovative and sustainable solutions to address critical challenges of the petroleum industry including reduction of carbon footprint and provide significant sustainable solutions towards net zero carbon emissions.
“We are pleased to work with HCLTech on this path-breaking initiative. Academia and industry need to forge such symbiotic partnerships that will be instrumental in advancing research and innovation in technology, besides creating a skilled workforce. Joint activities in research and knowledge development have tremendous potential for creating economic and social impact on society,” said Prof. Chandan Chakraborty, Dean (R&D), IIT Kharagpur.
Under the agreement, HCLTech will work to provide opportunities to students and research scholars from IIT Kharagpur to undertake projects and internships at the company, using state-of-the-art technologies to develop digital solutions in the exploration, drilling and production of hydrocarbons. Both IIT Kharagpur and HCLTech will initiate collaboration on programmes of sustainability that includes discussions, podcasts and joint presentations at international forums on transformative initiatives in the oil and gas sector.
“We are pleased to announce our partnership with IIT Kharagpur, which is focused on developing advanced solutions for the oil and gas industry using cutting-edge technologies such as AI/ML, IoT, Industry 4.0, digital engineering, and cloud computing. We aim to introduce eco-friendly solutions that promote innovation, optimize value and prioritize low-carbon sustainability within the industry,” said Ajay Bahl, Chief Growth Officer, Americas, Mega Industries, HCLTech.
Across the value chain, HCLTech provides solutions spanning complex engineering in the upstream and leverages its experience and capabilities in digital transformation, IoT, automation, analytics and artificial intelligence to help unlock value for organizations in their transformation journey.
HCLTech is a global technology company, home to more than 225,900 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering and cloud, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending March 2023 totaled $12.6 billion. To learn how we can supercharge progress for you, visit hcltech.com.
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