New Delhi, May 13 (UNI) BEML Ltd, PSU under the Ministry of Defence and a leading player in Earth Moving and Mining Equipment has entered into a Memorandum of Understanding (MoU) with Steel Authority of India Limited (SAIL) for supply of Earth Moving Equipment and Spares.
As per the terms and scope of MoU, SAIL will purchase 261 mining equipments over a period of next three years.
The various equipments envisaged under the agreement are dumpers, dozers, motor graders, high-end hydraulic excavators and tyre Handlers, the company said in a statement.
The estimated value of these equipments is Rs 477 crores. In addition, the agreement also provides for the maintenance contract of the fleet of equipments to be supplied valuing to approximately 300 crores.
Both the PSUs have mutually agreed to work on a 11 years term during which, BEML shall supply Equipments upto 2011 to SAIL as well as undertaking Maintenance and Repair Contract for the next eight years.
Recently BEML has also entered into a MoU with National Aluminum Company (NALCO) to collaborate for the production of aluminum wagons for movement of ore for NALCO.
The wagons will be manufactured by BEML with the Aluminum to be supplied by NALCO for movement of bauxite from its mines to the plants.
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