Coast Guard, Hindalco ink MoU for manufacturing indigenous marine-grade aluminum for ships

Coast Guard, Hindalco ink MoU for manufacturing indigenous marine-grade aluminum for ships

Daily Current Affairs   /   Coast Guard, Hindalco ink MoU for manufacturing indigenous marine-grade aluminum for ships

Change Language English Hindi

Category : National Published on: May 13 2024

Share on facebook
  • The Memorandum of Understanding (MoU) between the Indian Coast Guard (ICG) and Hindalco Industries aims to promote the manufacturing and supply of indigenous marine-grade aluminium for ship construction.
  • This collaboration seeks to enhance India's self-reliance in the shipbuilding sector by leveraging indigenous resources and expertise, thereby contributing to the country's maritime capabilities and economic growth.
  • Hindalco Industries will offer quarterly pricing for the marine-grade aluminium supplied to Indian public and private shipyards. This arrangement aims to facilitate better planning and cost management for shipbuilding projects by providing stable and predictable pricing over time.
  • The MoU guarantees priority in supplies, ensuring that Indian shipyards receive timely delivery of marine-grade aluminium required for construction projects. 
  • This commitment helps to prevent delays in shipbuilding activities and supports the efficient execution of maritime projects.
Recent Post's
  • Israel kills senior Hamas leader Muhammad Sinwar, brother of Yahya Sinwar.

    Read More....
  • US cancels visas of Chinese students in critical fields, citing security concerns.

    Read More....
  • US court restricts Trump’s power to impose tariffs, affirms Congress' authority.

    Read More....
  • India's industrial production grows 2.7% in April 2025.

    Read More....
  • Raman Aggarwal takes over as CEO of Finance Industry Development Council.

    Read More....
  • N Chandrasekaran to step down as Tata Chemicals Chairman on May 29.

    Read More....
  • Vikram Singh Mehta appointed new chairman of IndiGo Airlines.

    Read More....
  • Lokpal gives clean chit to Madhabi Buch in Hindenburg case.

    Read More....
  • India wins second gold in 4x400m mixed relay at Asian Athletics Championship.

    Read More....
  • Google says quantum computers can now break RSA encryption within a week.

    Read More....