Aditya Birla Group company Hindalco Industries plans to invest a total of Rs 4,000 crore in an extrusion facility for freight wagons and coaches and a copper and e-waste recycling plant.

During the company’s 64th AGM (annual general meeting), the company announced that it will make an investment of Rs 2,000 crore to establish a copper and e-water recycling facility in India.

The company also announced that it will invest Rs 2,000 crore to set up a new extrusion facility to develop freight wagons and coaches for the Vande Bharat trains.

Birla said, “We are even more excited to partner with Indian railways and the passenger coach manufacturing ecosystem for the ambitious high-speed Vande Bharat trains. An investment of Rs 2,000 crore is planned for the project and technology tie-ups are in place to bring new extrusion and fabrication technologies to India.”

Earlier, Hindalco has already commercialised the first all-aluminium lightweight rake that can carry more payload at high speed.

The company is even planning to introduce three more designs of freight wagons in the coming months, specifically for end-use application that includes bagged cement and food grains.

The hazardous nature of e-waste is due to the improper handling of materials which leads to the loss of valuable materials.

Birla added that a substantial amount of e-waste is exported to other nations for processing due to the need for proper metal extraction and refining technologies.

During the fiscal year 2023, Novelis, Hindalco’s Atlanta-based subsidiary, recycled 2.3 million tonnes of aluminium scrap and increased the recycled content used in its products to 61%.

At 12:35 pm, the shares of Hindalco were trading at Rs 464 or 3.03% above its previous close of Rs 450.35 on NSE.