Tata Steel to spend Rs 1,200cr on new technology development over 4 years, non-steel materials in focus

Ranchi: Tata Steel Ltd is betting big on new technology development over the next three to four years and has firmed up plans to pump in around Rs 1,200 crore as a part of its endeavour to enter materials beyond steel , a top company official said.
In the new materials business, the steel giant has been focusing on graphene, which can be mixed with plastic and recycled like brand-new products, among other attributes, he said.
Tata Steel is a leading global producer of graphene-enriched products – the biggest in the country and among the top 10 in the world.
“As far as the new materials business is concerned, the outlay in entire technology development, including incubation, over the next three to four years is about Rs 1,200 crore,” Vice-President, Technology.
& New Materials Business, Debashish Bhattacharjee, told PTI.

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