IIM Raipur and Hindustan Copper ltd (HCl) on Monday signed a Memorandum of Understanding to collaborate on various areas of talent and organization development for latter’s ‘Research and Case Development.’
The MoU was signed between IIM Raipur, Director Dr BS Sahay and KD Diwan, Chairman and Managing Director (CMD), HCl.
After signing of the MoU, Diwan informed that the company has the distinction of being the nation’s only vertically integrated copper producing company as it manufactures copper right from the stage of mining to beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
It has four plants at Khetrinagar, Rajasthan; Ghatsila, Jharkhand; Malanjkhand, Madhya Pradesh and Taloja, Maharashtra, he said.
Diwan stressed on how IIM Raipur’s involvement with HCl could make the company more competitive and efficient, “Training and Development are extremely important for a sustainable growth. Not only does it help improve an organisation’s competence, it also motivates people by giving them a sense of purpose”.
He also announced that under the MOU, HCl shall institute awards for Best Doctoral Proposal; Best PGP (Post Graduate Program) student and Best PGPWE (Post Graduate Program for Working Executives) student.
Speaking on the occasion, Dr BS Sahay, Director, IIM Raipur stressed on the need for management of talent in an organisation.
He mentioned that changing times and ever changing technology pose a challenge to all corporations. To cope up with such ‘turbulence’, companies need to constantly reinvent themselves.