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.
