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Russia's Rostec supplies $37 mn equipment to SAIL,Vizag plants

Press Trust of India  |  New Delhi 

Russia's State Corporation today said it has completed two projects for SAIL and Vizag for a total cost of over USD 37 million.

projects include construction of a heavy-duty machinery for and upgrade of a Soviet-era equipment supplied to in the 1970s, said.

"JSC 'VO Tyazhpromexport', a (RSC) company, completed implementation of two projects for the Indian in 2017.

Within the contracts, Indian partners were supplied with new for iron founding and upgrade of existing equipment was performed for a total cost of over USD 37 million," the company said in a statement.

It said a new sintering machine with a capacity of 3.6 million tonne of sinter per year was built for the plant in Visakhapatnam.

"For SAIL, a sintering machine of the plant in Bokaro, supplied to from the USSR back in the 1970s, was upgraded and modernised. The equipment is designed to produce sinter, essential in the production of cast iron," the statement said.

It said certificates of final acceptance of work on both contracts have been received.

This is is a significant step in Russia's cooperation in the field of heavy industry and infrastructure projects, said Rostec Victor Kladov, Director for International Cooperation and Regional Policy, RSC.

"We have more to offer the Indian side. In particular, set up of a single stage production of cast iron by means of the Russian technology 'Romelt' using poor ores and energy coals," he said.

The statement said the construction of the third sintering machine for plant, at a cost of USD 29 million, is part of the plant expansion project to increase overall capacity to 6.3 million tonne of steel per year.

The scope of work includes supply of basic technological equipment, construction, installation, testing of equipment, commissioning of the facility, as well as staff training.

During 60 years of cooperation, has commissioned 23 facilities in (more than in any other country in the world) at the nation's in Bhilai, Bokaro, Visakhapatnam, Rourkela and Durgapur, it added.

RSC is a Russian corporation established in 2007 to facilitate the development, production and export of high-tech industrial products designed for civilian and military applications.

Response from both SAIL and are awaited in this regard.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 18 2018. 18:05 IST