Consortium with Ukrainian firms signs $440 mln contract with India
KYIV. Sept 14 (Interfax) - An international consortium that includes Ukrainian companies has signed a contract worth 19.78 billion rupees (about $440 million) with India's National Mineral Development Corporation (NMDC) to build a set of coke oven batteries, the chairman of the supervisory board of the Ukrindustriya consortium, Alexander Pilipenko told reporters on Wednesday.
The Ukrainian members of the consortium include the Kharkiv-based State Institute for Design of Coke By-product Plants (Giprokoks), Ukrindustriya and the Concord Group (Dnipropetrovsk). The contract was signed last week.
Construction of the coke by-product plant for NMDC's steel plant in Nagarnar, Chhattisgarh will take 33 months. Construction of the $3.1 billion steel plant with capacity to produce 3 million tonnes of steel per year began three years ago and it is expected to launch operations in 2014.
A source at Giprokoks told Interfax that the complex will include two coke batteries with combined capacity of about 1.763 million tonnes of coke per year and 1.551 million tonnes of blast-furnace coke per year, a coal storage bin with capacity for 4,000 tonnes and two coke dry quenching units.
The main rival of the winning consortium was an international consortium that included Hutni Projekt, Vitkovice, Shriram EPC Limited and Beekay, according to NMDC. Another two consortiums failed to pass the technical qualification round.
Giprokoks is a major engineering company, the only one in the CIS that offers comprehensive engineering services for construction of new, and reconstruction and modernization of existing coke by-product plants and installations.
Concord Group is an alliance of Ukrainian and foreign companies that includes more than 20 construction, engineering and manufacturing firms from seven countries. It was formed to implement major joint projects to build and overhaul metallurgical and coke by-product facilities, and develop and implement innovative energy solutions. Concord Group is managed by Austria-based Concord Engineering GmbH. The company is developing two core businesses: industrial construction and wind energy.
Ukrindustriya was formed in early 2002 to provide a full range of services for contracts secured in international tenders, primarily in the metal products and shipbuilding industries, and general and electrical engineering.