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Tata Steel planning to spend around Rs 1,200 crore on new technology development

30 Jun 2022 Evaluate

Tata Steel is planning to spend around Rs 1,200 crore on new technology development over the next three to four years. Besides, in the new materials business, the company has been focusing on graphene, which can be mixed with plastic and recycled like brand-new products, among other attributes.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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