Tata Steel is all set to boost its research and development programme in the UK following an £8m Regional Growth Fund (RGF) investment from the UK Government. The investment will allow researchers at Europe’s second-largest steelmaker to develop next-generation steels for cars, aircraft, rail networks, skyscrapers, mining equipment and power stations.
Scientists and engineers will develop a range of materials to meet manufacturers’ and consumers’ future demands, such as for renewable energy generation and more fuel-efficient cars and planes.
While the RGF-funded research will initially take place at Tata Steel’s R&D facility in Rotherham, the company is currently considering where the research will continue over the longer term with a possible relocation to a different UK site in the future.
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.
Company Name | CMP |
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JSW Steel | 870.80 |
Tata Steel | 165.60 |
SAIL | 166.35 |
Jindal Stainless | 685.00 |
APL Apollo Tubes | 1587.20 |
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