EDB issues guarantees for BelAZ quarry trucks contract with India’s Coal India Limited
<p> MINSK, Dec 18 - PrimePress. The Eurasian Development Bank (EDB) has issued guarantees securing the obligations of BelAZ, the managing company of BelAZ Holding, under the contract for the supply of quarry trucks to Coal India Limited, the largest state-owned coal mining corporation of India. </p> <p> </p> <p> As a result, BelAZ managed to offer the most favourable terms and conditions of supply of machines and to leave behind its main competitors - Caterpillar, Hitachi and Komatsu. </p> <p> </p> <p> It was reported that the EDB opened a credit line for BelAZ, the managing company of BelAZ Holding, with a limit of USD 100 million. The Bank plans that by the end of 2020 the investment portfolio in Belarus will exceed USD 1 billion. End </p>
2020-12-19
Primepress
MINSK, Dec 18 - PrimePress. The Eurasian Development Bank (EDB) has issued guarantees securing the obligations of BelAZ, the managing company of BelAZ Holding, under the contract for the supply of quarry trucks to Coal India Limited, the largest state-owned coal mining corporation of India.
As a result, BelAZ managed to offer the most favourable terms and conditions of supply of machines and to leave behind its main competitors - Caterpillar, Hitachi and Komatsu.
It was reported that the EDB opened a credit line for BelAZ, the managing company of BelAZ Holding, with a limit of USD 100 million. The Bank plans that by the end of 2020 the investment portfolio in Belarus will exceed USD 1 billion. End