Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Indian Coast Guard (ICG) and Hindalco Industries inked a Memorandum of Understanding (MoU) to manufacture and supply indigenous marine-grade aluminium to Indian public and private shipyards for ship construction. The MoU will also provide benefits such as quarterly pricing, priority in supplies, and a Turnover discount.
The ICG fleet is presently operating 67 ships with aluminium hulls with the 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 of Downstream Aluminum Business, Hindalco Shri Nilesh Koul, in the presence of senior officials of the ICG.
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