New Delhi, May 9 -- The Jindal Group, one of India's leading steel producers, is venturing into the defence material market with its specialised steel offerings for shipbuilding and missile manufacturing.
In a significant development, Jindal Steel & Power (JSP) signed a Memorandum of Understanding (MoU) with the Indian Coast Guard on Thursday.
The collaboration aims to enhance indigenous content in shipbuilding by supplying indigenous marine-grade steel, which is crucial for the nation's maritime security.
This move aligns with the Ministry of Defence's initiative to reduce dependence on imports in defence manufacturing.
Previously, Steel Authority of India Limited (SAIL) supplied about 30,000 tonnes of 'DMR-grade' specialty ste...