Innovation
Creating new value

A continued emphasis on novel approaches keeps us ahead of the curve, amid changing customer needs, competition from alternative materials and a dynamic regulatory environment.

`259 crore

r&d spend
 

109

patents granted
 

155

new products launched

NEW PRODUCTS DEVELOPMENT, KALINGANAGAR | NOTE: ALL FIGURES ARE FOR FY 2020-21

To generate ~10% of revenue from new materials

Key support units
  • Enhanced research facilities with state-of-the-art laboratories, an R&D team of 200+ researchers and collaborations/memberships with 50 premier technical institutes
  • Innovation council that incubates novel ideas, enables implementation and advances research on new materials
  • In-house platforms, such as Innovent, that identify key customer insights and translate them into tested and scalable business models
Key outcomes

We are creating solutions that make a positive difference to the society with patents, new products, new materials and by developing inhouse technologies for sustainable performance.

Louvre in Abu Dhabi
New products
  • Developed a ‘new to the world’ advanced high strength steel for automatic wheel disc application. Along with high strength, the material possesses high stretchflangeability (formability) which will help wheel disc manufacturers produce complex shape and light weight wheel discs.
  • Developed advanced high strength coated steel and obtained DP600GA (Dual Phase Galvannealed) and DP600GI (Dual Phase Galvanised) approvals.
  • Obtained approval for the passenger vehicle skin panel, a first for Tata Steel, made from bakehardenable steel grade BH180GA.
  • Commercialised Fe500 CRS (40mm) in long products segment and supplied to the construction of the new Parliament House.
  • Collaborated with CII Green Business Centre and relevant stakeholders in the Indian Steel sector to develop GreenPro framework for steel rebars, for the first time in India. It enables the endusers to make an informed choice about buying steel having the lowest environment impact.
New & advanced materials
  • Graphene
    Commissioned a 100 tonne-per annum integrated Graphene manufacturing plant - one of the largest single unit graphene production centres in the world.
  • Composites
    Entered into new products such as isolation cabins, modular toilets and Fiber Reinforced Polymer (FRP) staircase

    During the pandemic, NMB in close coordination with the Services and Solutions team worked with group companies to design, build and install a 551-bed greenfield hospital in record time at Kasaragod, Kerala
  • Medical Materials and Devices
    Ventured into the space of medical materials and devices. The initial focus is on Hydroxyapatite and fishbased Collagen in partnership with two start-up companies.
Process improvements
  • Focussing on reducing alumina in iron ore and ash in coal without impacting yield
ROAD AHEAD
  • Accelerate innovation and technology leadership through strategic collaborations with multiple research and industrial organisations and partnerships with start-ups
  • Grow adjacent revenue streams by commercialising in-house IP and knowledge through new products in new markets and services
  • Achieve growth in other materials with world class technologies and products

 

SOLAR PANEL FIELDS NOAMUNDI, INDIA