A number of scholarships sponsored by different companies like Aditya Birla Group, Ratan Tata Trust, T. Thomas Scholarship sponsored by HUL, OP Jindal Engineering & Management Scholarship are available for the deserving students on the basis of merit and various criteria stipulated by the Sponsors. NTPC awards merit scholarships for deserving SC/ST/students with disabilities based on the PGP-I result. Government of India also sponsors Merit cum Means Scholarship for SC/ST students based on their performance at the time of admissions.
There are a number of prizes/awards sponsored by the Institute and various organizations for awarding to meritorious students on the basis of their first and second year results. Some prizes are also awarded to students at the Annual Convocation for certain outstanding extracurricular activities on the recommendation of the Institute’s Students’ Council.