ICG signs MoU with Hindalco for indigenous marine-grade aluminum

Tags: National

The Indian Coast Guard (ICG) has entered into a Memorandum of Understanding (MoU) with Hindalco Industries Limited.

An Overview of the News

• The collaboration aims at producing and supplying indigenous marine-grade aluminium for ship construction in Indian public and private shipyards.

Benefits of the MoU:

• Quarterly pricing, priority in supplies, and turnover discounts are among the benefits outlined in the MoU.

• The agreement aims to facilitate better planning and cost management for shipbuilding projects by ensuring stable and predictable pricing over time.

Enhancing Fleet Capability:

• Currently, the ICG fleet comprises 67 ships with aluminium hulls capable of operating in shallow waters.

• The plan includes introducing more vessels using indigenously made marine-grade aluminium to bolster coastal security efforts.

Key Entities Involved:

• The Indian Coast Guard is an Armed Force, Search and Rescue, and Maritime Law Enforcement agency under the Ministry of Defence.

• Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group.