Tata Steel eyes 10% of its revenues from non-steel segment by 2025

摘要

Tata Steel is looking to partially insulate revenues from cyclicality of the steel business by exploring possibilities in the non-steel materials segment, which it hopes will corner 10 per cent of revenues by 2025. The new materials business is focused on fibre reinforced polymer (FRP) composites and graphene, but there is also an effort of bringing advanced materials like ceramics into the fold. The company’s latest annual report said that with the growth in the economy there was a large opportunity for new materials and applications for existing and new sectors and Tata Steel aspired to be a technology and innovation leader in the industry. The new businesses are expected to account for 10 per cent of revenues.