Tata Steel exploring new frontiers

Looks at opportunities in materials, silicon an alternative to steel to introduce a 2nd product line

Tata Steel is exploring opportunities in materials alternative to steel with the idea of introducing another product line beyond the existing one. “It is a joint company effort and it’s very early. But, our eyes are now beginning to set on alternative materials. The application for these materials can be in sectors like pharmaceuticals, electronics or anything related to the automotive sector. It would be a completely different area that can give us a natural hedge against the cyclicity of the steel business,” said Peeyush Gupta, vice-president (steel & marketing) of Tata Steel.

It may be early days, but Tata