Tata Steel Ltd.

Tata Steel’s step-down subsidiary -- Tata Steel Advanced Materials (TSAML) has completed the acquisition of 90% equity shares in Ceramat on March 16, 2022. Tata Steel has identified Advanced Ceramics as one of the new materials for strategic growth. Within Advanced Ceramics, the first sector of choice is in medical materials owing to high growth potential and non-cyclical nature. Tata Steel aspires to setup a world class facility to produce medical materials and use Ceramat as a special purpose vehicle for this purpose. The facility shall focus on producing Hydroxyapatite – a calcium phosphate-based ceramic used as bone replacement. The promoter of Ceramat are amongst the very few with such proven capability.

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.