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TATA STEEL TO ROLL OUT ‘FIRST IN INDIA’ SEATING SYSTEM TATA POWER’S TP SAURYA TO SET UP 600 MW HYBRID
FOR VANDE BHARAT; TO SPEND `3000 CR ON R&D PROJECT FOR SECI AT KARNATAKA
Tata Group is planning to spend `3,000 crore on R&D by FY26 and TP Saurya Limited (TPSL), a wholly owned subsidiary of Tata Power
set to roll out the ‘First in India’ seating system for Vande Bharat Company Limited, has received a ‘Letter of Award’ (LoA) from Solar INFRASTRUCTURE
Express trains from September 2022, a top official has said. The Energy Corporation of India (SECI) for the establishment of a 600
steel-to-salt conglomerate is also targeting to be among the top MW hybrid (wind and solar) power project in Karnataka.
5 technology firms in the steel industry globally by 2030. Tariff-based competitive bidding was used to award the letter,
Tata Steel’s Composites division bagged a `145 crore bulk order which was then followed by an e-Reverse auction. The project will
for seating systems of the Vande Bharat express that includes be completed within 24 months of the execution date of the PPA.
the supply of complete seating systems for 22 train sets, with 16 Dr. Praveer Sinha, CEO & MD of Tata Power, commented on
coaches in each train set. the project win, saying, “We are ecstatic with the win of the 600
“These are specially designed seats, which can rotate 180 MW hybrid project for SECI because it reaffirms Tata Power’s
degrees and have aircraft-style passenger amenities. This is commitment to building a sustainable ecosystem for transitioning
‘first-in-India’ kind of a supply, which will be executed over 12 to a greener future. Renewable hybrid projects are a game
months starting September 2022,” Debashish Bhattacharjee, changer in India because they can generate power around
Vice President, Technology & New Materials Business, Tata Steel, the clock with high reliability, assisting the country in meeting its
told PTI. decarbonization goals.”
“Composites industry in India is dominated by institutional Tata Power’s total renewable capacity now stands at 5,524
businesses and is largely dependent on infrastructure, industrial MW, with 3,634 MW installed and 1,890 MW in various stages of
and railway sectors. One of the key initiatives of the composites implementation.
business was to convert to Fibre Reinforced Polymer (FRP)
applications where steel is currently being used. Railways has ADANI GROUP TO BUY MACQUARIE ASIA INFRA FUND’S
been a promising customer for the FRP Compositesbusiness of INDIA TOLL ROADS IN AP AND GUJARAT FOR `3,110
Tata Steel.” CRORE
The FRP used in the seats will have higher corrosion resistance Adani Enterprises Ltd (AEL) wholly-owned subsidiary Adani Road
and lower maintenance cost. Moreover, it will be conforming to Transport Ltd (ARTL) has entered into a definitive agreement to
the European standard of fire-retardant property, and will offer acquire Gujarat Road and Infrastructure Company Ltd (GRICL)
improved safety and comfort to passengers. (owned 56.8% by Macquarie Asia Infrastructure Fund) and Swarna
Vande Bharat Express, also known as Train 18, is the second Tollway Private Ltd (STPL) (which owned 100% by Macquarie Asia
fastest train in India, which operates at a speed of 130 km/hr. The Infrastructure Fund).
company is targeting to be among the ‘Top 5 in technology in Accordingly, ARTL will acquire 56.8% in GRICL and 100% stake in
steel industry globally by 2030’ and one of the key enablers for STPL subject to regulatory approval. The transaction is expected
achieving technology leadership is a quick conversion of ideas to close in September 2022, the company said.
into pilot testing and commercialisation, the company officials Swarna Tollway has two stretches of toll roads in the state of Andhra
said. Pradesh:
“This requires adequate infrastructure and pilot scale facilities • Tada to Nellore on NH-16 connecting important ports such as
to test the hypothesis developed during lab-scale experiments. Chennai, and Krishnapatnam in Andhra Pradesh, spanning 110
Expenditure plan for Tata Steel India research & development km
(R&D) for the next 5 years (FY22-26) is `3,000 crore,” the top official • Nandigama to Ibrahimpatnam to Vijayawada on NH-65
said. Bhattacharjee said Tata Steel is setting up a greenfield facility spanning 48 km, which connects key southern metro cities and
to produce Sandwich panels. provides feeder traffic to NH16. Together the STPL portfolio has
“Tata Steel is setting up a greenfield facility at Khopoli, Maharashtra, demonstrated strong historical revenue growth.
in collaboration with a technology partner from the Netherlands.
“The facility will manufacture Aluminium honeycomb cored GRICL has two stretches of toll roads in Gujarat:
sandwich panels, which will be used mainly for interiors of rail and • Ahmedabad to Mehsana on SH-41 spanning 51.6 km with
metro coaches. Key customers for the unit will be global metro majority passenger traffic connecting major northern Gujarat
and rail coach OEMs and also Indian Railways,” he noted. corridors
New Materials Business was set up with the vision to explore • Vadodara to Halol on SH-87 spanning which is 31.7 km on Delhi
opportunities in materials beyond steel. FY2021-22 saw the Mumbai Industrial Corridor with proximity to several companies.
completion of NMB’s fourth year of operations, and currently, the The GRICL portfolio has demonstrated strong revenue growth.
business has three material verticals – Composites, Graphene, Macquarie Asia Infrastructure Fund owns 56.8% stake, IL&FS owns
and Medical Materials and Devices. 26.8% stake and Govt of Gujarat owns the remaining stake.
Tata Steel’s composites business focuses on three market Post acquisition of the stake in GRICL, ARTL will also evaluate the
segments: industrial, infrastructure and railways. For railways, the acquisition of IL&FS stake in GRICL, the company said.
composites business of NMB has been leveraging Tata Group The acquisition is at an enterprise cost of `3,110 crore. The portfolio
synergies by offering integrated solutions jointly with TM Automotive has an LTM EBITDA of `456 crore with approx. `165 crore of net
Seating Systems and Tata Autocomp Systems. debt.

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