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In the short and medium term, the company plans to extract the best value out of businesses where there is already competency. The company is also looking at revamping design and development and strengthening its presence in component manufacturing
The order win comes days after the the company raised Rs 744 crore via Qualified Institutional Placement in November
The Qualified Institutional Placement (QIP) transaction of the company was oversubscribed by more than two times and has witnessed a very strong response from established high-profile foreign investors and top domestic institutional investors & funds, a company statement said
The companies will aim to build a world-class manufacturing facility in the country, Hindalco said in a statement
These products will play a crucial role in assisting Indian Railways in reaching its emission reduction targets while also enhancing operational efficiency.