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BEML bags SAIL order worth Rs 477 cr
http://www.heavymachineryinfo.com/articles/2264/1/BEML-bags-SAIL-order-worth-Rs-477-cr/BEML-bags-SAIL-order-worth-Rs-477-cr.html
By super admin
Published on 05/15/2008
 
BEML Limited, a PSU under the ministry of defence, has entered into a memorandum of understanding with Steel Authority of India Limited (SAIL), India's largest steel producer for supply of earth moving equipment, and spares.
BEML bags SAIL order worth Rs 477 cr


As per the terms and scope of MoU, SAIL will purchase a total of 261 mining equipment worth Rs 477 crore over a period of next three years. The various equipment envisaged under the agreement are Dumpers, Dozers, Motor Graders, High End Hydraulic Excavators and Tyre Handlers. In addition, the agreement also provides for the maintenance contract of the fleet of equipment to be supplied valued at Rs 300 crore, a company release said here today.

Both the PSUs have mutually agreed to work on a 11 years term during which, BEML will supply equipment upto 2011 to SAIL as well as undertake maintenance and repair contract for the next 8 years. 


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