HMS Group Signs Contract for Delivery of Pumps to Rostov NPP
OREANDA-NEWS. April 27, 2012. Hydromashservice, a subsidiary of HMS Group, signed a contract for the production and delivery of large number of pumps for Rostov nuclear power plant.
Pumping equipment will be manufactured by Nasosenergomash, another subsidiary of the Group, and is designed for the 4th power unit under construction. The contract provides for the delivery of feed and booster pumps that will be installed in the water supply system of the NPP.
Rostov (Volgodonsk) nuclear power plant is the one of the largest energy provider in southern Russia. The plant supplies about 15% of annual power generation in the region.
Earlier this year the Group has already signed a contract for the delivery of pumping units of TsNSA type and pumps of KsVa type for the 4th unit of the plant. In 2011 the Group launched a project for production and delivery of SE, KsV and KsVA type pumps for the 3d unit of the NPP.
The HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. The HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. The Group reported revenues of RUB 27.5 billion, adjusted EBITDA of RUB 5.5 billion and profit for the period of RUB 3.4 billion for the twelve month ended December 31, 2011. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
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