Our New Materials Business (NMB) was set up to explore opportunities in materials beyond steel and to partially insulate our revenues from steel cyclicality. The business, which has two verticals, Composites and Graphene Business, completed its first full year of business in FY 2019-20.

Fibre Reinforced Polymer (FRP):
In addition to providing FRP pipes and streetlight poles, NMB launched a wide range of FRP solutions. In the infrastructure segment, a wide range of FRP solutions were launched, including FRP street furniture, gazebos, fencing, and a range of decorative and translucent poles. Building on the success of installing India’s first FRP foot overbridge in March 2019, NMB completed two more successful FRP bridge projects in FY 2019-20. In the industrial segment, FRP pressure vessels for water filtration, FRP tanks and chemical equipment for paper and pulp, textile and iron and steel industries were supplied. These products are best equipped
to tackle corrosion and are lightweight, thereby offering a long maintenance-free service life. Following the initial success of supplying FRP components to the Indian Railways, NMB has entered into railway coach interiors and is working closely with key production units of the Railways.

Graphene Business:
This business focusses on the production of graphene powder, graphene master batches and graphene-enriched products. The business has strengthened its position in coated solutions through its offering of liquid, dry and aerosol-based formulations. In FY 2019-20, around 1,500 tonnes of graphene-coated ‘cut and bend’ superlinks (GFX Ultima) were sold.