The freight rake was fully designed and developed indigenously in collaboration with Research Designs & Standards Organisation (RDSO), HINDALCO and Besco Wagon.
Aluminium prices has surged 1.14 per cent to Rs 230.65 per kg in the futures trade on Monday. This comes as speculators built up fresh positions
India is the 3rd largest producer and consumer of aluminium globally with domestic demand expected to expand from current 4 MTPA to 12 MTPA by 2030.
"Non-competitive energy costs and acute coal shortage for the industry have adversely hit the sustainability of the aluminium industry."