Hindalco Industries Ltd.

BSE: 500440 | NSE: HINDALCO
Large Cap | Metal - Non Ferrous
934.70
-20.70 (-2.17%)
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Hindalco plans to invest Rs 4,000 crore in extrusion, copper & e-waste recycling facilities

Date: 23-08-2023

Hindalco Industries has planned a total investment of Rs 4,000 crore in an extrusion facility for freight wagons and coaches and a copper and e-waste recycling plant. The company has planned a Rs 2,000-crore investment to set up a new extrusion facility for the development of freight wagons, and coaches of prestigious Vande Bharat trains. The company will also make an investment of Rs 2,000 crore to establish a copper and e-waste recycling facility in India.

Hindalco Industries has already commercialized the 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.

Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.