It is reported that the seamless pipe plant of Tubos Reunidos at Amurrio, in northern Spain has signed a contract for EUR 50 million with Bharat Heavy Electricals Limited to provide different types of tubes for power generation boilers.

The delivery is expected to materialize during the third quarter of this year.

Tubos Reunidos s closed the first six months of this year with a net profit of EUR 1.3 million, representing a decrease of 84.4% over the same period last year. However, its sales reached EUR 181 million or 28% more than the second half of 2009.

This contract, along with other recently obtained in the United States, would ensure sufficient workload for plant at Amurrio.

(Sourced from El Correo Digital)