Business

Hindalco, Texmaco Enter Strategic Alliance To Make Aluminium Rail Wagons And Coaches

By
OB Bureau

Bhubaneswar: Leading Aluminium rolling and recycling company Hindalco Industries Ltd., and Texmaco Rail & Engineering Ltd. a specialised engineering company have entered into a strategic alliance to develop and manufacture world-class aluminium rail wagons and coaches that will help Indian Railways achieve its emission goals and bolster operating efficiency.

Indian Railways has launched “Mission 3000 MT” with a target of doubling freight capacity to reach 3,000 million tons by 2027 through augmentation of rolling stock, with the objective of achieving 45% market share in freight. To meet this ambitious target, the Railways are actively seeking to improve wagon design, and inviting wagon manufacturers to contribute their own designs to enhance overall capacity and the life of railway assets.

Recognising these developments in the Railways, Hindalco and Texmaco have joined hands to explore opportunities, where Hindalco will provide profiles, sheets, and plates of its unique aluminium alloys, along with fabrication and welding expertise. The company’s in-house aluminium freight rakelaunched last year is 180 tons lighter and offers a 19% higher payload to tare weight ratio, consumes less energy with relatively negligible wear and tear. Texmaco, being an expert in manufacturing freight cars for 80 years, will bring in technical expertise and be responsible for the design, setting up the factory, production line, and providing skilled workers.

Commenting on the partnership, Satish Pai, Managing Director of Hindalco Industries, said, “With the launch of India’s first aluminium rake, we have demonstrated the benefits of higher payload and significant CO2 reduction that aluminium rakes offer. This partnership will further strengthen our role in enhancing the value proposition for the freight industry as well as for passenger mobility, while helping the Railways achieve its net zero objectives.”

Indrajit Mookerjee, Vice Chairman, TexmacoRail & Engineering Ltd. stated, “This valuable partnership will go a long way in creating innovative and sustainable products further reinforcing our commitment towards reducing the industry’s carbon footprint and driving a positive environmental impact.”

These substantial gains have encouraged Hindalco and Texmaco to go full throttle at pursuing an Atmanirbhar Bharat dream and help the Railways, which is in the throes of a massive upgradation in both basic infrastructures such as building gleaming new stations with modern amenities as well as state-of-the-art coaches and rapid expansion in the metro rail network.

Sudipta Mukherjee, Deputy Managing Director, Texmaco Rail & Engineering Ltd. added, “This partnership holds tremendous potential in supporting the Indian Railways in its pursuit of the introduction of efficient rolling stock with a lesser carbon footprint.”

An indigenous facility that can make high-quality aluminium wagons, coaches, large containers, and components will greatly supplement the Central Government’s fast-paced development of dedicated freight corridors that aims to boost efficiency and reduce freight tariffs.

OB Bureau

Recent Posts

Kandhamal Deaths Due to Food Poisoning, Not Starvation, Says Odisha Minister In Assembly

Bhubaneswar: A day after the Opposition created a ruckus in the Odisha Assembly over the…

November 27, 2024

‘I Won’t Be An Obstacle’: Eknath Shinde Pledges Support To BJP In Maha CM Decision

Mumbai: Amid the continuing suspense over next Maharashtra Chief Minister, Shiv Sena chief Eknath Shinde…

November 27, 2024

Shah Rukh Khan Compares His Journey To Stardom With Mufasa’s Journey In ‘The Lion King’

Mumbai: Bollywood King Shah Rukh Khan’s journey to stardom wasn’t a cakewalk. From a common…

November 27, 2024

Farmers Forced To Distress Sale Of Vegetables & Fruits For Lack Of Cold Storage In Odisha’s KoraputIn

Koraput: With the proposal to construct a cold storage of 50-ton capacity yet to take…

November 27, 2024

No Roadshow, PM Modi To Review BJP Govt Performance On Nov 29 During Odisha Visit

Bhubaneswar: Prime Minister Narendra Modi will review performance of the Mohan Majhi government in Odisha…

November 27, 2024

21 Crew Of Cargo Ship Stage Protest Over Year-Long Detention After Rs 220 Cr Cocaine Seizure In Odisha’s Paradip

Paradip: All the 21 crew members of M V Devi cargo ship, which has been…

November 27, 2024

2 Coal Mines In Odisha Among 9 Auctioned By Centre; Check Details

Bhubaneswar: The Ministry of Coal has successfully auctioned nine coal mines, including two in Odisha,…

November 27, 2024

Bihar Couple Sells 4-Yr-Old Daughter For Rs 40K In Bhubaneswar; Deal Captured On CCTV Camera

Bhubaneswar: Badagada police on Wednesday rescued a four-year-old girl, who was allegedly sold by her…

November 27, 2024