Moscow, October 12, 2016
HMS Hydraulic Machines & Systems Group plc
(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS Group signs export contracts for a nuclear power plant in India worth US$7M
Moscow, Russia – October 12, 2016 - HMS Group (LSE: HMSG) announces today that it has signed contracts worth a total of 7 million USD for delivery of pumping equipment for a nuclear power plant in India.
In accordance with the contracts, the company will deliver eight turbine feed pumps and other pumping equipment for the third and the fourth power plant units in 2017 and 2018, respectively. These contracts are a follow-up to contracts executed in 2004-2006 for delivery of main pumping equipment to the first and the second units of this nuclear power plant.
Mr. Artem Molchanov, CEO, comments:
“Pumps made by HMS for the nuclear power industry have been installed in a number of non-CIS countries, including China, India, Iran, etc. The company is currently working on a number of other promising nuclear projects not only in Russia but also in the CIS and abroad.”
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About HMS Group
HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services for the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS headquartered in Moscow, Russia. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. HMS has a listing on the London Stock Exchange in the form of global depositary receipts (LSE: HMSG).
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