India's power sector leader NTPC and top business school IIM-Ahmedabad today announced a joint initiative to create a world class research institute at NTPC School of Business for policy prescription and churn out management graduates with focus on energy sector.
"We are proud to have entered an agreement, under which India's marquee business school-Indian Institute of Management, Ahmedabad-will hand hold NTPC School of Business to replicate its management degree courses beginning this year with special focus on energy verticals not only for NTPC but for the entire power sector," Saptarshi Roy, Human Resource Director of Maharatna PSU, said on the occasion of the alliance.
"This is the first time we are tying up with a leading academic institution for degree and other specialised courses on the lines of IIM-A. We were blessed with handholding from IIM-A for five years and we are proud of it. We will be doing the same with NTPC School of Business (NSB) and hand hold it for five years, create a top class faculty like our own and offer a host of specialised electives for various aspects related to energy and power sectors," IIM-A's HRM Area Chair and Strategic Management Professor Sunil Kumar Maheshwari said.
"We wish to create a strong research and policy centre. To create manpower for this centre, NSB shall be ideal institute to take lead and this will become Centre of excellence for policy research and policy documentation," Maheshwari said, adding that the two leading organisations from the respective areas have signed an agreement to work together.
Under the scheme of arrangement, NSB, guided and shepherded by IIM-A specialists, will seek applications from aspirants for MBA degree from April this year for a two year degree course from aspirants with specialisation in energy sector.
IIM, apart from bringing professionals from the parent organisation, will gradually create NSB's own faculty by the end of the fifth year.
Roy, who also holds additional charge as Director Finance, said that NTPC is focussed on creating robust leadership for the future of the organisation that currently lights up every fourth lamp in the county and accounts for 16 per cent of the total power generation capacity. He added that NTPC's budget for learning and development has significantly gone up this year.
Shares of the company gained Rs 0.55, or 0.34%, to trade at Rs 163.60. The total volume of shares traded was 28,224 at the BSE (10.23 a.m., Wednesday).
