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MRPL envisions fourfold increase within five years

By Guest Author,

Added 31 August 2023

In addition to the new facility, the business will focus on comprehensive product addition and capital investment.

Minova Runaya Private Limited (MRPL), is a joint venture between Minova- a global leader in underground tunnel and mining support solutions, and Runaya- a sustainability-focused manufacturing leader, focused on upscaling the landscape of mining support solutions. MRPL unveiled its state-of-the-art facility in Bhilwara, Rajasthan, which is built over 20,000 square metres, and focuses on driving safety and bringing knowledge of innovative technology.

MRPL has introduced solutions that address geotechnical challenges across domains including tunnelling, rail, road, and hydropower, aims to provide best-in-class quality products to ensure safe ground support solutions and services. 

The Bhilwara facility offers a range of products and services to the local market, and export market through Minova's sales network. Further, the venture currently generates 85 per cent of its energy requirements through solar power, with a goal to achieve 100 per cent renewable energy usage by 2025. 

MRPL's trajectory includes its ambition to grow revenues fourfold in the next 3-5 years with 30 per cent export revenue, through a comprehensive product addition and capital investment.  

Naivedya Agarwal, Chairman MRPL, CEO & Co-founder, Runaya said, "We are committed to merge technology with environmental responsibility and will meet 100 per cent 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 per cent."

"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. 

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