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Press-releases

12.10.2016

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.”

HMS Group (LSE: HMSG) is the leading pump and compressor manufacturer, as well as 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. 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, providing pumps, oil & gas equipment and compressors. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For more information, please, contact:

Inna Kelekhsaeva
Deputy Head of Capital markets
Tel: +7 (495) 730-66-01 x 1318
kelekhsaeva@hms.ru
Anna Obotnina
Head of Marketing communications
Tel: +7 (495) 730-66-01 x (600) 3304
obotnina@hms.ru

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