Multibagger partners with Italian firm Metra for precision aluminum rail coach manufacturing in India; know more here!
The stock has delivered a return of 167 per cent over the last 3 years.
Indian Railways is undergoing a major transformation, with a focus on upgrading its core infrastructure and introducing high-speed air-conditioned trains. The Vande Bharat trains, designed for top-end comfort and faster travel, are gaining critical acclaim and represent the future of rail transport in India.
These sleek, aerodynamic trains are capable of speeds exceeding 200 km per hour, and they owe their construction to the use of aluminum. Aluminum is a lightweight metal that is strong and durable, making it ideal for high-speed trains. It is also recyclable, which makes it environmentally friendly.
To meet the demand for aluminum coaches, Hindalco Industries Limited, the world's largest aluminum rolling and recycling company, has formed a technology partnership with Italy-based Metra SpA. Metra is renowned for its expertise in producing structured and value-added aluminum extrusions.
The partnership will enable the production of large-size aluminum extrusions and fabrication technology for building high-speed aluminum rail coaches in India. This is a significant step in bringing world-class technology to India, and it will help to boost the domestic manufacturing capabilities of the country.
Hindalco plans to invest Rs. 2,000 crore in the project, which will create thousands of jobs in India. The partnership is a major boost for the Indian rail industry, and it will help to make India a global leader in the production of high-speed trains.
“We are pleased to join forces with Metra to introduce a new era of aluminium extrusions for passenger trains in India,” said Satish Pai, Managing Director of Hindalco Industries. “This is in line with our capability building for aluminium in commercial vehicles, freight wagons, electric vehicles and passenger train applications. Our combined expertise will undoubtedly enhance the efficiency, durability and sustainable performance of these trains and set new benchmarks for the Indian rail industry.”
In Tuesday deals, the shares of Hindalco Industries Limited plunged 1.44 per cent. The company's current market capitalisation is Rs 1,07,327.06 crore.
In addition to this, the stock has delivered a return of 167 per cent over the last 3 years.
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Disclaimer: The article is for informational purposes only and not investment advice.