# IRC unit to pay US$15.5M for one excavator in novation deal

IRC Limited's Russian subsidiary, Kimkano-Sutarsky Mining and Beneficiation Plant LLC, entered into a Novation Agreement on October 29, 2026, to acquire a single EKG-20KM quarry excavator for approximately RUB1,258.0 million (about US$15.5 million). The deal involves assuming rights and obligations under a purchase agreement originally dated April 22, 2025.

- Type: Contract
- Announced: 2026-10-29
- Where: Russia
- Value: $15.5M (1.26B RUB)
- Status: announced
- Products: EKG-20KM quarry excavator
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [IRC Limited](https://endata.com/companies/20949.md)
- [IZ-KARTEX named after P.G. Korobkov](https://endata.com/companies/94781.md) (supplier)
- [JSC Urgalugol](https://endata.com/companies/94782.md) (partner)

## Sources

- [minichart.com.sg](https://www.minichart.com.sg/2026/10/30/irc-unit-to-pay-us15-5m-for-one-excavator-in-novation-deal/), 2026-10-30: "The company’s wholly-owned subsidiary, Kimkano-Sutarsky Mining and Beneficiation Plant LLC (the Buyer), entered into a Novation Agreement on 29 October 2026 after trading hours with IZ-KARTEX named after P.G. Korobkov Ltd (the Seller) and JSC Urgalugol (the Original Buyer)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.