October 21, 2010, Stockholm, Sweden (Coal Geology): Atlas Copco (India) Ltd. Construction & Mining Technique has received orders for underground drilling rigs from Leighton Contractors India Pvt. Ltd. and Navayuga Engineering Company Limited, valued MEUR 11 (MSEK 100)
The equipment will be used to construct road tunnels for the Srinagar-Jammu highway project in Jammu and Kashmir, India.
“We are proud to win these prestigious orders for the new road tunnel project. They show that Indian customers have a high level of confidence in Atlas Copco’s products and trust in our service team,” says Björn Rosengren, Business Area President of Atlas Copco Construction and Mining Technique.
The National Highway Authority of India has awarded the highway project to two of Atlas Copco’s customers, Leighton Contractors India Pvt. Ltd. part of Leighton Holdings – Australia’s largest project development and contracting group – and based out of Delhi, and Navayuga Engineering Company Limited based out of Hyderabad.
The orders are booked in the third quarter, 2010. Delivery for Navayuga Engineering Company Limited has started in September 2010 and for Leighton Contractors India Pvt. Ltd. it is scheduled in December 2010.
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
Atlas Copco is an industrial group with world-leading positions in compressors, construction and mining equipment, power tools and assembly systems. The Group delivers sustainable solutions for increased customer productivity through innovative products and services. Founded 1873, the company is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2009, Atlas Copco had about 30 000 employees and revenues of BSEK 64 (BEUR 6.0). Learn more at www.atlascopco.com (http://www.atlascopco.com/).
Atlas Copco’s Construction and Mining Technique business area develops, manufactures, markets and services rock drilling tools, construction and demolition tools, mobile crushers and screeners, drill rigs and equipment. It innovates for superior productivity in surface and underground rock excavation, exploration drilling, rock reinforcement, ground engineering, water well, oil and gas drilling, and compaction and paving equipment worldwide. The business area has its principal product development and main manufacturing units in Sweden and the United States. More information is available on www.atlascopco.com.