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31.08.2023, National, India - Minova Runaya Private Limited (MRPL), is pioneering joint venture between Minova- a global leader in underground tunnel and mining support solutions, and Runaya- a sustainability-focused manufacturing leader, that is focused on upscaling the landscape of mining support solutions in the country. Built over 20,000 square metres, with a focus on driving safety and bringing knowledge of innovative technology, today MRPL unveiled its state-of-the-art facility in Bhilwara, Rajasthan.
With a strong commitment to supporting the mining and infrastructure segments, MRPL introduces cutting-edge solutions that address geotechnical challenges across various domains including tunnelling, rail, road, and hydropower. Leveraging Minova’s 140-year track record of delivering innovative ground support solutions, MRPL is dedicated to providing best-in-class quality products to ensure safe ground support solutions and services.
The Bhilwara facility offers an unparalleled range of products and services to the local market, and export market through Minova’s extensive sales network. A highlight of MRPL's capabilities is the production of friction bolts and Secura Bolts and Resins. Embracing renewable energy sources, MRPL currently generates 85% of its energy requirements through solar power, with a goal to achieve 100% renewable energy usage by 2025.
MRPL's progressive trajectory includes an ambition to grow revenues fourfold in the next 3-5 years with 30% export revenue. MRPL’s growth plans are supported by a comprehensive product addition and capital investment.
Naivedya Agarwal, Chairman MRPL, CEO & Co-founder, Runaya said "MRPL's expansion with two new product lines reflects on our growth story. We are committed to merge cutting-edge technology with environmental responsibility and will meet 100% of MRPL’s energy requirement through renewable resources by FY25. Empowering India’s vision to become a global leader, we aim to increase our export revenue to 30%. MRPL isn't just an endeavour; it's a testament to our collective ability to redefine industries and leave a lasting impact.”
"At Minova Runaya Private Limited, our journey signifies a union of innovation, safety, and sustainability. Through our advanced ground support products, solutions and services, we are supporting our customers in the mining and infrastructure segments to operate safely and productively," added Ryan Kerr, Director MRPL & President, Minova.
Headquartered in the U.K., Minova is a leading global ground support business, with a 140+ year track record of developing and delivering innovative ground support products for the mining and infrastructure industries. Minova has 13 production sites and 18 sales offices located across North America, South America, Europe, South Africa, India and Australia (www.minovaglobal.com)
Runaya’s vision is to deploy cutting-edge technology to enable innovation, sustainability, and efficiency improvement in the natural resources industry. Founded by Naivedya and Annanya Agarwal (sons of Vedanta Limited Vice-Chairman Navin Agarwal), the key focus is on executing projects that enable a circular economy and promote the concept of waste to wealth. Runaya’s portfolio includes ground support products, sustainability solutions for the aluminium industry, minor metals recovery, gas atomized metallurgical powders and FRP & ARP rods for the telecommunication cable and steel industries. The company has a stated policy of employing 85% women diversity. Please visit www.runaya.com for more.
Nikunj Kakkar || +91 99909 04010 || nikunj.kakkarj@one-source.co.in