The company is gearing up for strategic investments to capitalise on the demand for trains running at 150 km per hour, emphasising the necessity of an aluminium body. This practice is universally adopted, presenting a substantial market opportunity for Hindalco.
The firm intends to finance the project independently, estimating the cost of the extrusion press to be around INR 2,000–2,500 crore. Pai revealed that the company is actively scouting for suitable land to establish the press. He expressed confidence in the company's ability to fund the project through internal accruals, relying on the robust cash flow it generates to handle the undertaking seamlessly.
Pai added, “In India, both the aluminium and copper demand are extremely strong; aluminium is growing at 10 per cent, and copper is growing at 7 per cent, and it is largely driven by electrification, building and construction, and automobiles."
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