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Bauer AG — Regulatory Filings 2015
Sep 28, 2015
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Corporate | 28 September 2015 13:52
BAUER Aktiengesellschaft: BAUER Group was awarded with the Cut off Walling works for the Polavaram Dam in India
DGAP-News: BAUER Aktiengesellschaft / Key word(s): Incoming Orders
2015-09-28 / 13:52
Schrobenhausen – BAUER Spezialtiefbau GmbH received another major project in September. In joint venture with its Indian partner L&T GeoStructure, the company was awarded to build a cut off wall for the Polavaram dam in India. The project is worth in excess of EUR 60 million.
The Polavaram dam, which will be constructed in the east of the country in the state of Andhra Pradesh, will provide water and electric power supply for the region. The specialist foundation work includes the creation of 68,000 square meters of cut off wall with a length of 1.5 kilometers down to a depth of 110 meters. Two duty-cycle cranes, MC 96 with a grab and MC 128 with a BC 40 trench cutter, will be used by Bauer.
Work on the project is to begin in November with the mobilization of the construction site and should be finished by the end of 2017.
“This assignment reinforces our leading position as the world’s technical leader in the construction of cut off walls and as a competent partner for dam projects,” says Professor Thomas Bauer, Chairman of the Management Board of BAUER AG.
In addition, BAUER Spezialtiefbau GmbH in South Asia, received a new project in the Kingdom of Bhutan. The company successfully completed the cut off walling works for the dam of the Punatsangchhu I hydro-electric power plant in 2012. Now, as a follow-up contract, Bauer will drill around 140 foundation piles and 38 secant piles with a diameter of 2 meters and a depth of up to 65 meters to stabilize the adjacent slope. Two BAUER BG 40s will be used for this. The project is worth around EUR 9 million and begins in October 2015 with completion planned by the middle of 2016.
About Bauer
Bauer is a provider of services, machinery and products for ground and groundwater. The Group markets its products and services all over the world. Its global presence allows it to remain largely unaffected by fluctuating business cycles.
The operations of the Group are divided into three segments: Construction, Equipment and Resources. The Construction segment is involved in special foundation engineering works for complex excavation pits and foundations for large infrastructure projects and buildings, cut-off walls and ground improvements all over the world, as well as engineering construction services and project development. Bauer’s Equipment segment, a world market leader, offers a comprehensive range of construction machinery, equipment and tools for the specialist foundation engineering sector as well as for other underground drilling operations, such as for mines, water wells, geothermal energy sources, and oil and gas extraction. The Resources segment covers the activities of the Group in the areas of water, environment and natural resources.
Bauer profits greatly from the collaboration between its three separate segments, enabling the Group to position itself as an innovative, highly specialized provider of complete solutions and services for demanding projects on the specialist foundation engineering and related markets.
Founded in 1790, Bauer today generates around three quarters of its total revenues outside of Germany. In 2014, the Group with its workforce of about 10,400 people achieved total Group revenues of approx. EUR 1.56 billion (previous year: EUR 1.5 billion). BAUER Aktiengesellschaft has been listed on the official market of the Frankfurt Stock Exchange since July 4, 2006 (Prime Standard, ISIN DE0005168108).
Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
www.bauer.de
2015-09-28 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English |
| Company: | BAUER Aktiengesellschaft |
| BAUER-Straße 1 | |
| 86529 Schrobenhausen | |
| Germany | |
| Phone: | +49 (0)8252 97 1218 |
| Fax: | +49 (0)8252 97 2900 |
| E-mail: | [email protected] |
| Internet: | www.bauer.de |
| ISIN: | DE0005168108 |
| WKN: | 516810 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart |
| End of News | DGAP News Service |
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| 398007 2015-09-28 |