Indian Coast Guard Partners with Hindalco Industries for Marine-Grade Aluminum Supply
Indian Coast Guard collaborates with Hindalco Industries to manufacture marine-grade aluminum for shipbuilding, bolstering coastal security efforts
10-05-2024Indian Coast Guard (ICG) and Hindalco Industries, on May 10, 2024, inked a Memorandum of Understanding (MoU) in New Delhi for the manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the construction of ships. The MoU will also provide benefits such as quarterly pricing, priority in supplies and Turnover discount.
The ICG fleet is presently operating 67 ships with aluminium hull with capability of operating in shallow waters. To further boost coastal security, it has planned to induct more such vessels where the indigenously manufactured marine-grade aluminium will be utilised.
The MoU was signed by Deputy Director General (Materiel & Maintenance), ICG IG HK Sharma and CEO, Downstream Aluminum Business, Hindalco Nilesh Koul in the presence of senior officials of the ICG.
US President Donald Trump is set to impose new tariffs on April 2, targeting countries with high tra
Read MoreChina, Japan, and South Korea have agreed to collaborate on supply chains and trade strategies as th
Read MoreUS President Donald Trump plans to introduce new reciprocal tariffs, citing unfair trade practices a
Read More