Uralmashplant to Supply Walking Draglines to CIL

 

"Uralmashplant" JSC (UZTM, part of the UZTM-KARTEX Group), the leading Russian manufacturer of mining equipment, won the tender for supply of a large lot of draglines to the leading Indian mining concern – Coal India Ltd. (CIL).

Today, on March 25, in Kolkata, Mr. Yan Tsenter, CEO of UZTM-KARTEX Managing Company, and Mr. Binay Dayal, Technical Director of Coal India Ltd., in the presence of the Chairman of the CIL Board of Directors Mr. Pramod Agrawal, have signed a contract worth more than $ 350 million. This is the largest transaction for UZTM over the past 30 years.

According to the contract, Uralmashplant will supply five walking draglines of ESH 24.95 model with increased unit capacity to the Indian concern during 5 years; the contract also provides for erection and commissioning of the equipment at the customer's site. Under the contract, Uralmashplant will also provide service support for draglines and supply spare parts and accessories during 11 years from the date of their commissioning.

Coal India Limited purchases new high-performance equipment as part of the development program of Indian coal-mining industry. By 2023, the Indian company plans to increase its annual coal production up to 1 billion tons.

“UZTM-KARTEX enterprises contribution to the largest project of upgrading the basic industry in India is a new stage of mutually beneficial cooperation between our countries. This is a significant event for the entire Russian machine-building complex that involve more than 100 suppliers of components in the production of draglines," comments Yan Tsenter, UZTM-KARTEX Group CEO.

“The development of export sales is one of the company's priorities. The potential of UZTM-KARTEX enterprises and the industry as a whole, the support we receive from the Ministry of Industry and Trade of the Russian Federation, the policy, our shareholder, aimed at formation of modern highly-efficient production, large-scale re-equipment of the fixed assets and development of the product line of our enterprises, allow us to expect strengthening our positions in the international market of mining equipment," he added.