Hindalco Industries Ltd and Texmaco Rail & Engineering Ltd have entered a strategic alliance to develop and manufacture aluminium rail wagons and coaches. The alliance will help Indian Railways achieve its emission goals and bolster operating efficiency, the companies said in a regulatory filing on Thursday.
Hindalco will provide profiles, sheets and plates of its unique aluminium alloys, along with fabrication and welding expertise. Texmaco will bring in technical expertise and be responsible for the design, setting up of the factory, production line and providing skilled workers.
