Chennai, Integrated steel and power company Suryadev Alloys & Power has introduced a new range of TMT bars equipped with anti-rust properties for the construction sector, the company said.

Suryadev Fe550D CRS TMT Bars with a blend of copper, chromium and nickel have been unveiled in the backdrop of diverse climate posing a tough challenge for the country.

The company said in a statement on Sunday, citing a study, that corrosion rates in coastal areas could be four times higher than inland areas. This issue is a significant concern across the country and is estimated to cost the economy 3-4 percent of GDP annually.

At Suryadev Alloys & Power, the challenge of corrosion is met with constant pursuit of innovation. Responding to these challenges, TMT Bar significantly extends the lifespan of structures while reducing environmental impact.

The company said that Suryadev Fe550D CRS TMT bars act as a perfect shield against the elements as they are meticulously manufactured from high quality iron ore.

The city-based company was exploring groundbreaking technologies and methods by partnering with academic institutions to “decarbonize steelmaking.”

Suryadev has undertaken several infrastructure projects for Chennai Metro Rail Limited, Bengaluru-Chennai Expressway and Chennai Peripheral Ring Road, among others.

The company has a facility at New Gummidipoondi in neighboring Tiruvallu district with an annual finished steel capacity of 6 lakh tonnes, the company said.