Tata Steel subsidiary to acquire bio-ceramics firm Ceramat

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Biznexindia : TSAML,  an indirect wholly owned subsidiary of Tata Steel Limited, has executed a Share Purchase cum Shareholders’ Agreement (SPSHA) for acquisition of 90% equity stake in Ceramat Private Limited (CPL) for a

CPL was incorporated on November 2, 2021 in India, for the purpose of advanced ceramics with health care focus. CPL is jointly promoted by Mr. Sabyasachi Roy and Mr. Tushar Gothi. Mr. Sabyasachi Roy is a ceramic technologist and an entrepreneur and Mr. Tushar Gothi has been associated with ceramic business for 16 years. As on date, CPL has not commenced operations.

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.

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 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. The promoter of CPL are amongst the very few with such proven capability.

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