New Delhi, May 10 (UNI) The Indian Coast Guard (ICG) and Hindalco Industries inked a Memorandum of Understanding (MoU) for manufacturing and supply of indigenous marine-grade aluminium to Indian public and private shipyards for the construction of ships on Friday here.
The MoU will also provide benefits such as quarterly pricing, priority in supplies and turnover discount, an official statement said.
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 utilised.
The MoU was signed by Deputy Director General (Materiel & Maintenance), ICG IG HK Sharma and CEO, Downstream Aluminum Business, Hindalco Nilesh Koul in presence of senior officials of the ICG.
