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SAIL signs MoU with BEML for crucial equipment supply
New Delhi, May 13, 2008
| Steel Authority of India Limited (SAIL)
signed a memorandum of understanding with Bangalore-based
Bharat Earth Movers Limited (BEML), for supply of crucial
equipment required for the company's present operations as
well as for its ongoing modernisation & expansion
programme. V.K. Gulhati, Director (Technical), SAIL, and
M. Poongavanam, Director (Mining & Construction), BEML,
signed the MoU in the presence of V.S. Natrajan,
Chairman-cum-Managing Director, BEML, at Bangalore. |
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SAIL's growth plan, which envisages its hot metal
production capacity rising to over 26 million tonnes by the
year 2010, will call for a quantum increase in raw material
requirement. This is planned to be sourced not only from the
company's existing mines but also from new mining blocks. As a
result, the requirement for crucial equipment like dumpers,
shovels, dozers, etc., will rise substantially, both in SAIL
mines and plants.
Under the MoU, BEML, a Mini Ratna category-1 PSU under the
Ministry of Defence, will supply the required equipment at a
mutually agreed price for the next three years. The agreement
will also enable SAIL to contain maintenance cost, as BEML
will undertake maintenance of the equipment for their entire
economic life with guaranteed equipment availability.
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