Indian Coast Guard and Hindalco Signs MoU for Manufacturing and Supply of Indigenous Marine-grade Aluminium to Shipyards

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Source:PIB

The MoU will also provide benefits such as quarterly pricing, priority in supplies and Turnover discount.

May 2024 : Indian Coast Guard (ICG) and Hindalco Industries, on May 09, 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 utilized.

The MoU was signed by IG HK Sharma, Deputy Director General (Materiel & Maintenance), ICG and Nilesh Koul, CEO, Downstream Aluminum Business, Hindalco in the presence of senior officials of the ICG.