Bhubaneswar: Hindalco, one of the biggest producers of primary aluminium in Asia, showcased a dry bulk carrier that is used to carry cement, fly ash, foodgrains, PTA powder and alumina at the international conference on Aluminium held in the city recently. The dry bulk carrier is made from indigenous aluminium and demonstrates the benefits of aluminium and showcases its enormous potential.
A release issued by the company states: “This bulker not only depicts Hindalco’s unmatched capability in India but is also a live proof of demonstration of the benefits of aluminium against steel in such applications, in terms of light weight, lower maintenance cost and longer life.”
The release also stated that the bulker of 30 cubic metres is 2 tonnes lighter than an MS bulker and the benefits will be higher for larger size. “The payback period for the incremental investment of Rs 4 lakh is less than 1.5 years (Al bulker costs around Rs 8 lakh as compared with Rs 4 lakh for MS bulker for this capacity), after that the life cycle benefit translated into an extra earnings of over Rs 25 lakh for an investment of around Rs 8 lakh,” it stated.
Per capita consumption of aluminium in India is very low by global standards. Under the guidance of NITI Aayog, Hindalco is striving to drive this consumption growth and hence our future investment plan is largely geared towards enhancing the downstream value added consumption.