The following news is forwarded by our institute:

Ministry of Steel has selected IT-BHU (together with NIT-Durgapur, NIT-Rourkela, NIT-Jamshedpur, NIT-Raipur and IIT-Kharagpur) for creating a steel chair (at the level of Professor and 5 fellowships to UG students (@ 3000 - 5000 per month each). The chair will be established in metallurgy dept. to help interaction with steel industry.

The news was also published in New Post India dated August 17, 2007:

Excerpts:
The empowered committee also cleared a proposal to create a post of chair professor in the department of metallurgy in IIT, Kharagpur, Benaras Hindu University and the National Institutes of Technology in Rourkela, Durgapur and Jamshedpur as also other institutes.