Tuesday, March 27, 2012

Poland’s Bumar Wins $275M Indian Contract


The Supervisory Board of Bumar sp. z o.o. chose to implement the contract signed by Bumar sp. z o.o. and BEML Ltd. for the supply of 204 units of the WZT-3.

The Supervisory Board of Bumar sp. z o.o. also agreed to carry out the agreement of 27 February 2012 between Bumar sp. z o.o. and ZM BUMAR-Łabędy S.A.

The contract is one of the priorities of Bumar sp. z o.o. Management Board.

The contract between BEML Ltd. and Bumar sp. z o.o. was signed on 17 January 2012. Its value is estimated at 275 million USD. Indian industry will take part in manufacturing the WZT-3.

Bumar and BEML also signed an agreement on technical and research cooperation in the development of armoured recovery vehicle assembled on the chassis of the Indian main battle tank of Arjun.

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