IIT-Dhanbad, HCL Technologies to develop knowledge management system

NEW DELHI: The Indian Institute of Technology, Indian School of Mines (IIT-ISM) Dhanbad and IT services company, HCL Technologies sign an agreement to collaborate in the field of petroleum engineering and earth science. The collaboration will include developing a knowledge management system using technologies.

As part of the agreement, HCL Tech will offer projects and internship opportunities to students and research scholars of IIT (ISM) to develop digital solutions in the fields of exploration, drilling and production of hydrocarbons to reduce carbon footprint.

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The agreement will also undertake sustainability initiatives and programmes, including discussions, podcasts and joint presentations at international forums on transformative initiatives in the oil and gas sector. This will help HCL Tech strengthen its collaboration with the IIT (ISM), Dhanbad, while the customers will benefit from solutions in low-carbon sustainability.

The agreement was signed in the presence of IIT-ISM Dhanbad, dean, Sagar Pal and HCL Technologies, directors, oil and gas, Somnath Das and Deepak Bhardwaj. "This strategic initiative will help the oil and gas industry generate enhanced value from data and introduce cutting-edge, low-carbon sustainability solutions," HCL Tech, corporate vice president, Ajay Bahl said.

Speaking about the agreement, IIT-ISM Dhanbad, director, Rajiv Shekhar, said: “We are pleased to work with HCLTech on this path-breaking initiative. Academia and industry need to forge symbiotic partnerships that bring benefits to both. Such collaborative efforts 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."