Tata Steel to spend Rs 1,200 crore on new technology development over 4 years, non-steel materials in priority
Tata Steel Ltd is betting big on the development of new technologies over the next three to four years and has confirmed plans to inject around Rs 1,200 crore as part of its drive to “get into materials beyond the ‘steel,’ a senior company official said.
In the new materials sector, the steel giant has focused on graphene, which can be mixed with plastic and recycled as new products, among other attributes, he said.
Tata Steel is one of the world’s leading producers of graphene-enriched products – the largest in the country and among the top 10 in the world.
“As for the new materials business, the expenditure for the entire technology development including incubation over the next three to four years is around Rs 1,200 crore,” said the Vice President, Technology and New Materials, Debashish Bhattacharjee, at PTI. .
Compared to “asset heavy” steel – the core of Tata Steel, these new materials are light, he said.
“In order to be in a place where we reasonably dominate (steel)…we also need to understand the other materials that are going to be useful to humanity in the future.
“We felt that there are multiple ways to get into materials beyond steel… to engage deeply with universities and institutes where a lot of fundamental work is going on,” Bhattacharjee said.
He said the company’s graphene business was around Rs 500 crore, but expansion plans were underway, including the export of graphene-enriched products.
“We have commercialized graphene as an additive in MDPE and HDPE pipes. We use graphene in conveyor belts. In each of these cases, the life of the products is increased two to three times, which reduces costs maintenance and life cycle. Graphene also finds use in corrosion resistant paints,” the official said.
Tata Steel has signed a pact with Digital University Kerala, the country’s first on-campus digital university and the Center for Materials for Electronics Technologies (C-MET), paving the way for the country’s first graphene research and innovation center. country to become a reality.
India’s Graphene Innovation Center will undertake research and development, product innovation and capacity building in the area of graphene and the 2D materials ecosystem.
The steel giant has also identified advanced ceramics as one of the new strategic growth materials, Bhattacharjee added.
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