NEW DELHI: Hindalco Industries has planned an investment of Rs 4,000 crore in an extrusion facility for freight wagons and coaches and a copper and e-waste recycling plant, its chairman Kumar Mangalam Birla said.
The company will invest Rs 2,000 crore to set up an extrusion facility for freight wagons and coaches of Vande Bharat trains, Birla said at the company’s 64th AGM. The company will also make an investment of Rs 2,000 crore to establish a copper and e-waste recycling facility in India, he said.
Hindalco commercialised country’s first all-aluminium lightweight rake which enables higher speed with more payload. The company plans to introduce three more designs of freight wagons in the coming months targeting specific end-use applications, including bagged cement, and foodgrains.
