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MoU signed between NTPC & IOCL for Collaborative Research

10th Feb, 2010

NTPC Limited and Indian Oil Corporation Limited (IOCL) have signed an MoU for collaborative research in the areas of mutual interest in New Delhi today. This MoU between leading Navratnas in the Power and Energy Sectors is for import substitution of Lubricants, Bio–Fuels, Corrosion, NDT, R&D Infrastructure etc.

The MoU was inked by Dr. R.K. Malhotra, Executive Director [R&D], IOCL and Shri Sharad Anand, Executive Director, NTPC Energy Technology Research Alliance [NETRA] in the presence of Shri R.S. Sharma, CMD (NTPC) and Shri Sarthak Behuria, Chairman, (IOCL). Shri Anand Kumar, Director (R&D), Shri V.C. Agarwal, Director (HR) of IOCL, Shri N.K. Sharma, Executive Director (CW & NBD) NTPC and other senior functionaries of both the organizations were also present.

MoU signed between NTPC & IOCL for Collaborative Research
 

NTPC Limited and Indian Oil Corporation Limited (IOCL) have signed an MoU for collaborative research in the areas of mutual interest in New Delhi today, for import substitution of Lubricants, Bio–Fuels, Corrosion, NDT, R&D infrastructure etc.

The MoU documents being exchanged by Dr. R.K. Malhotra, Executive Director [R&D], IOCL and Shri Sharad Anand, Executive Director, NTPC Energy Technology Research Alliance [NETRA] in the presence of Shri R.S. Sharma, CMD (NTPC) ,Shri Anand Kumar, Director (R&D), Shri V.C. Agarwal, Director (HR) of IOCL, Shri N.K. Sharma, Executive Director (CW & NBD) NTPC and other senior functionaries of both the organizations were also present.

Disclaimer: NTPC Limited is proposing, subject to market conditions and other considerations, a further public offer of its equity shares and has filed a Prospectus with the Registrar of Companies, NCT of Delhi and Haryana, the Stock Exchanges and the Securities and Exchange Board of India (“SEBI”). The Prospectus is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at, www.icicisecurities.com, www.citibank.co.in, www.jpmipl.com and www.kmcc.co.in. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk factors” of the Prospectus.”

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