CEO of BYPL Arvind Gujral and Dr Anil Wali, Managing Director of Foundation for Innovation and Technology Transfer (FITT) - a society established by IIT-Delhi for enhancing industry - academia interactions and cutting edge research signed a three-year agreement, a statement from BYPL said.
The agreement was renewed after the success of the initial agreement between the two organisations.
The researches led to the development of consumer friendly technologies like the MIDAS (Modular Integrated Distribution Automation System), REAP (Renewable Energy Assisted Pump) and DRONA - a simulator for power discom operations, it said.
"So far, the association had been more focused on developing innovative products, but this time around, the collaboration would also focus on network design and management with a view to further improving the quality of power supply," said Gujral.
The collaboration will further aid BYPL's efforts in reducing its aggregate technical and commercial losses and improve the quality of its power supply.
"The ecosystem for dynamic industry-academia interface has to be fostered. This collaboration symbolises our continuing commitment to relate with business in a value- accretive partnership - one that is both long-term and trust-based. We hope our engagement with BYPL would enable knowledge sharing and technological innovations," said Wali, Managing Director, FITT.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
