Tata Steel Advanced Materials Limited to acquire 90% equity stake in Ceramat Private Limited

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Source: Tata Steel

Tata Steel Limited aspires to setup a world class facility to produce medical materials and use CPL as a special purpose vehicle for this purpose. The facility shall focus on producing Hydroxyapatite – a calcium phosphate-based ceramic used as bone replacement.

March 2022 : Tata Steel Advanced Materials Limited (TSAML), an indirect wholly owned subsidiary of Tata Steel Limited, has executed a Share Purchase cum Shareholders’ Agreement for acquisition of 90% equity stake in Ceramat Private Limited (CPL). CPL was incorporated on November 2, 2021, for the purpose of advanced ceramics with healthcare focus. It is jointly promoted by Sabyasachi Roy and Tushar Gothi. Mr. Roy is a ceramic technologist and an entrepreneur and Mr. Gothi has been associated with the ceramic business for 16 years. CPL promoters have the core competence of various oxide ceramic composition manufacturing through process routes like slip casting, gel casting, powder compaction, spray drying and vibro-casting instrumental in advanced ceramics manufacturing.

As of date, CPL has not commenced operations. Tata Steel Limited 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 Limited aspires to set up a world class facility to produce medical materials and use CPL 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 promoters of CPL are amongst the very few with such proven capability.