# Runaya and Minova form JV to manufacture mining products in India

Indian firm Runaya and Australian firm Minova (a division of Orica) signed a joint venture agreement to manufacture mining products. The JV will invest about Rs2.5bn ($33.42m) in a new facility at Bhilwara, Rajasthan, expected to start production by December 2020 or January 2021.

- Type: Partnership
- Announced: 2020-07-27
- Where: Bhilwara, Rajasthan, India
- Value: $33.4M
- Jobs: 2,000
- Status: announced
- Products: rock bolts, resin capsules, injection chemicals, wire mesh, ventilation systems
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Orica Limited](https://endata.com/companies/28933.md) (partner)
- [Runaya](https://endata.com/companies/48880.md) (partner)
- [Minova](https://endata.com/companies/48881.md) (partner)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/runaya-minova-form-jv/), 2020-07-27: "Runaya will be the first company in the country to manufacture these products for Indian miners, who have been importing them until now."

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