New Delhi: Indian Coast Guard (ICG) and Hindalco Industries, signed a Memorandum of Understanding (MoU) in New Delhi on Thursday for the manufacturing and provide of indigenous marine-grade aluminium to Indian private and non-private shipyards for the development of ships.
The MoU will even present advantages similar to quarterly pricing, precedence in provides and turnover low cost.
The ICG fleet is working 67 ships with aluminium hulls with functionality of working in shallow waters. To additional enhance coastal safety, it has deliberate to induct extra such vessels the place the indigenously manufactured marine-grade aluminium will likely be utilised.
The MoU was signed by Deputy Director Basic (Materials & Upkeep), ICG, IG, HK Sharma, and CEO, Downstream Aluminum Enterprise, Hindalco, Nilesh Koul, within the presence of senior officers of the ICG.
