Hindalco & Metra SpA's Rail-Tech partner for manufacturing
Indian Coast Guard, Hindalco tie-up for indigenous shipbuilding materials
The Defence Ministry announced a strategic collaboration between the Indian Coast Guard (ICG) and Hindalco Industries, a leading industry group, aimed at bolstering the country's maritime capabilities. Through a Memorandum of Understanding (MoU) signed in New Delhi, the two entities agreed to facilitate the manufacturing and supply of indigenous marine-grade aluminium to both public and private shipyards across India for ship construction projects.
This collaboration holds significant implications for enhancing domestic shipbuilding capabilities, as it ensures a reliable and consistent ..
Hindalco Industries surges on plans for Battery Foil Plant in Odisha
Hindalco Industries witnessed a surge of over 3% in its shares, reaching a 52-week high of Rs 538.50 on December 12, following the company's announcement of establishing a battery foil manufacturing facility in Odisha.
The company is set to invest up to Rs 800 crore in the new battery foil plant, slated for commissioning by July 2025. The initial production target for the plant is 25,000 tonnes of the resilient product crucial for Lithium-ion and Sodium-ion cells.
Strategically located alongside a 25 MW solar power plant, the factory can tap into additional solar energy from ..
Hindalco to pump Rs 8 bn into Odisha plant for EV battery foil production
Hindalco Industries, a major player in the aluminum industry, is set to invest Rs 8 billion in a new plant in Odisha, India, with the primary goal of producing 25,000 tonnes of aluminum foil for electric vehicle (EV) batteries. This strategic move reflects Hindalco's commitment to meeting the increasing demand for materials crucial to the electric mobility sector. The investment underscores the company's recognition of the pivotal role aluminum foils play in EV batteries, which are essential for the sustainable growth of the automotive industry.
The new facility in Odisha will leverage ..
Mumbai Metro Pre-Trial Reaches Dadar
"The Mumbai Metro's pre-trial phase has progressed to the Dadar station, marking a significant milestone in the city's metro rail project. This development signals the gradual expansion of metro services and infrastructure across Mumbai.
During the pre-trial phase, the Mumbai Metro undergoes rigorous testing and validation processes to ensure its safety, reliability, and operational readiness. The extension of pre-trial operations to the Dadar station demonstrates the steady progress of the metro project towards its eventual inauguration and public launch.
The Dadar station holds..
Metro Expansion on Hold Due to Funding Delay
"The expansion of the Nagpur Metro is currently on hold as the project awaits funds for widening the Nag River stretch. This delay has impeded progress on the metro project's extension, affecting plans for improving connectivity and transportation in Nagpur.
The widening of the Nag River stretch is a crucial component of the Nagpur Metro expansion project, aimed at enhancing the metro's reach and accessibility to various parts of the city. However, the lack of funding has stalled efforts to advance construction activities along this critical stretch.
Authorities overseeing the Na..