Nayara Energy inks MoU with IIT-Delhi and Gexcon to strengthen process safety & risk management

Kolkata: Nayara Energy, a new-age integrated downstream energy company, signed a tripartite memorandum of understanding (MOU) with the Foundation for Innovation & Technology Transfer (FITT), IIT-Delhi and Gexcon to further progress development and implementation of process safety and risk management standards in the manufacturing industry. The MoU will enable Nayara Energy to advance its operational excellence journey and strengthen process safety coherent with global standards.

Committed to driving innovation in process safety and risk management, the Company is collaborating with IIT-Delhi and Gexcon, a leading company in the field of safety and risk management to foster high-performance safety standards and effective mitigation systems across projects at its Vadinar refinery.

Scientist J. P. Gupta proposed an urgent need for India to develop a Centre of Excellence (COE) to promote, education, research and development in process safety in line with several global institutes. He said that this COE will be the first-of-its-kind in India that will be involved in training, higher education, research, developing innovative solutions and consultancy work in process safety.

“The MOU marks a significant milestone as it promotes cooperative research and facilitation of ideas in process safety, risk assessment and mitigation modelling,” said B. Anand, CEO, Nayara Energy in a release.