| Metal and Alloy Powders | Customized ferrous and non-ferrous metal powders including copper, bronze, brass, nickel, stainless steel. | Technical expertise, IIT partnership, product customization, and established client base. | B2B clients in automotive, tooling, surface coatings, catalyst, and powder metallurgy industries. | Specialized customized alloy powders and premium grades. | 25 | 77 | Sales of metal powders to industrial manufacturers in powder metallurgy, diamond tools, welding. | Direct sales with volume-based pricing; contracts for customized grades. | Growing powder metallurgy demand, import substitution, and new product development. | Innomet Powders |
| Tungsten Heavy Alloys (THA) | Powder metallurgy produced tungsten heavy alloys for defense, aerospace, radiation shielding, sporting goods. | Technological know-how, niche market position, and brand recognition for tungsten alloys. | B2B clients in defense, aerospace, and sports engineering sectors. | Specialized tungsten alloys with high technical requirements. | 8 | 23 | Direct sales and long-term supply contracts with defense and engineering customers. | Contractual sales with pricing linked to raw material costs and product specifications. | Increasing defense spending, aerospace sector growth, import substitution policies. | Innotung |
