Hindalco Industries, the metals company of the Aditya Birla Group, has developed the country's first all-aluminium railcar that is 3.2 tons lighter than a steel rake.

At Hindalco's annual general meeting this week, chairman Kumar Mangalam Birla called the cart, made of lightweight, high-strength aluminum alloys, a game-changer.

The car will enable savings of 1,500 tons of CO2 emissions per year. It will increase the logistics efficiency of coal transportation and also accelerate India's decarbonization journey, Birla said.

“Even if 5% of the 2 lakh railcars the government plans to introduce are aluminum, the potential CO2 savings will be close to 15 million tons per year,” he said.

Hindalco is pioneering in the field of clean energy. It has reached the targets of 100 MW renewable capacity and aims for a renewable capacity of 300 MW by FY2024-25, including 100 MW solar capacity with hybrid storage.

The company's environmental, social and governance (ESG) commitments include achieving net carbon neutrality, water positivity, no net loss of biodiversity and no landfill waste by 2050.

Fueled by solid financial performance and a strong balance sheet, the company is pursuing a new wave of transformational growth, driven by organic expansion.