Transneft increased its stake in Russian Electric Motors JSC (RED) to 90% from 51%. This is stated in the company's report.
JSC Russian Electric Motors (RED) is a modern enterprise created with the aim of localizing the production of high—voltage electric motors. The Company was established in October 2015 in Chelyabinsk with the participation of Transneft (51%) and JSC Konar (49%).
The company specializes in the design, manufacture, and comprehensive maintenance of high-voltage electric machines.
The plant has implemented a full cycle of electric motor production: manufacturing of components, assembly, and product testing.
The foundation stone of the plant was laid on April 25, 2016, and the opening ceremony of the plant took place on October 24, 2018.
PJSC Transneft (TIN 7706061801) holds a monopoly position in the oil export market by pipeline. The Transneft Group has the largest oil pipeline system in the world.
The net profit of PJSC Transneft according to RAS for 9 months of 2024 fell by 49.1% to 97 billion rubles from 190.6 billion rubles a year earlier. Revenue increased by 6.7% to 943.2 billion rubles from 884 billion rubles, gross profit decreased by 1.1% to 105.1 billion rubles from 106.3 billion rubles, profit before tax — by 51.3% to 115.1 billion rubles from 236.4 billion rubles.
The profit to Transneft shareholders in 2024 amounted to 288 billion rubles, a decrease of 5% compared to the previous year. The group's revenue increased by 7% to RUB 1.424 trillion. Earnings before interest, income tax, depreciation and impairment (EBITDA) decreased to RUB 545 billion.
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