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.
Also Read : India's nuclear power capacity to surge threefold to 22,800 MW by 2031-32: Jitendra Singh Centre gets seven bids to set up giga-scale battery manufacturing facilities
Germany to Negotiate Steel Quotas with U.S. to Ease Tariffs German Chancellor Friedrich Merz has an...
US 02-Aug-2025
· US raw steel output dropped 2.4% WoW, now at 1.66 million tons. · Capac...
Business 08-Apr-2025
Nippon Steel, Japan's leading steelmaker, has secured 800 billion yen (approximately $5.6 billion) i...
Large Corporate 04-Jul-2025
In April 2024, global pig iron output declined 6.9% to 114.62 million tonnes (MT) from same month in...
Ferrous 23-May-2024
West Bengal's Finance Minister Chandrima Bhattacharya presented the state budget for the financial y...
Announcement 09-Feb-2024
On May 16, nearly all metal stocks traded in the green extending gains for the fifth session in a ro...
Business 16-May-2024