The Memorandum of Understanding was signed between Punjab Engineering College (Deemed to be University) and KISCO India Private Limited (KIPL) today i.e. March 4, 2020. Mr. Rohit Khanna, Managing Director of KISCO India Private Limited (KIPL) under CSR Initiative established the scholarship for needy students of PEC who are financially unde privileged. The scholarship has been designed for a student to assist their family financially to pay the fees of the student during his/ her graduation from PEC. This scholarship is an attempt to help all such students to fulfil their dreams for them and the company will become the driving force for you to graduate from college. The company will remit the scholarship money to the PEC authorities on semester basis, which includes their tuition fees, Hostel Fees and all other misc. fees subject to maximum capping. Three students will be sponsored on the basis of predefined criteria and these students will be considered annually. PEC would match all scholarships initially and for all 3 selected students.