ICG signs MoU with Hindalco Industries for manufacturing and supply of indigenous materials
The MoU will also provide benefits such as quarterly pricing, priority in supplies, and Turnover discount.
Indian Coast Guard (ICG) and Hindalco Industries have inked a Memorandum of Understanding (MoU) in New Delhi for the manufacturing and supply of indigenous marine-grade aluminum 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 hulls 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 aluminum will be utilized.
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The MoU was signed by Deputy Director General (Materiel & Maintenance), ICG IG HK Sharma, and CEO, of Downstream Aluminum Business, Hindalco Shri Nilesh Koul in the presence of senior officials of the ICG.
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