StockWatch
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Specialty Chemicals
New Launch4 Sept 2026, 03:53 pm

Devson Catalyst develops Ammonia Decomposition Catalyst, gets Tata Steel order

AI Summary

Devson Catalyst Limited has announced the successful development of its Ammonia Decomposition Catalyst through in-house R&D. This higher-value product breaks down ammonia into hydrogen and nitrogen, with applications in metallurgy, renewable energy (green hydrogen), and oil & gas refining. Following successful customer evaluation and approval, the company has received commercial orders from NMDC and Tata Steel Limited. The order from Tata Steel marks the first for this specific product from the steel giant. Management sees this as validation and an opening for new opportunities.

Key Highlights

  • Successfully developed Ammonia Decomposition Catalyst.
  • Received commercial orders from NMDC and Tata Steel.
  • Tata Steel order is the first for this new product.
  • Catalyst has applications in green hydrogen and steel processing.