Reaffirming its focus on product innovation, Tata Steel plans to develop 40 new product grades at its greenfield steel project at Kalinganagar (Odisha) in this financial year.
The new products are designed primarily to tap into the requirements of automotive and oil & gas industries.
“One of the products we have developed is a specialized disc rim for wheels to cater to the automobile industry. Trials of the product have already begun to Tata Motors. Commercialisation of the product is expected in six months. We have also initiated talks with other auto OEMs (Original Equipment Manufacturers) like Maruti Suzuki and