Monument to Peter I installed on Sovetskaya street in front of the management building of the Armoury. This is due, primarily, to the fact that a weapons factory in Tula was built by the decree of the first Russian Emperor.

Arms manufacture in Tula was born in 1595. Beyond the river UPA was forging the settlement, the inhabitants of which were made of cold steel and firearms. In the late 17th century, when the state border was moved South, Tula became the most important center of industry and trade. Here were all the necessary conditions for the development of metallurgy and arms industry: there were deposits of iron ore were present sources of energy and the required workforce. February 15, 1712, Peter I issued a decree on the construction of the UPA, in Tula state arms factory to "guns, is both inefficient, pistols drilling and grinding, and broadswords, knives sharpening water".

Monument to Peter the great was installed on April 28, 1912, to celebrate the 200th anniversary since the establishment of the Imperial arms factory. The celebration of the anniversary of the plant was then followed by a visit to the town by the Duke Sergei Mikhailovich and folk festivals. On the eve of the anniversary of the workers received the reward money in the amount of daily earnings. The celebrations began with the opening of the monument to the one who initiated the famous factory of Peter the Great. Weapons factory and the adjacent streets were decorated with electric lights and flags. On the square, where a white cloth was hidden monument were established stands. Working arms factory to the king treated with reverence, that is why the funds for the erection of a monument they have collected themselves.

Originally the monument was installed at the plant, but in 1962 it was moved to the square in front of the office. The author of the monument is sculptor R. R. Bach. Bach Robert R. – coming from a family Riga Germans, sculptor and academician, the author of such famous works as a monument to Mikhail Glinka in St. Petersburg, the monument to Alexander III in Feodosiya, a monument to Pushkin at Tsarskoe Selo. For many years he worked for Kasli cast iron foundry. Monument to Peter I in Tula Bahu brought deserved fame, thanks to the skills in the transmission of the image and character of the great Emperor in the sculptural image. Unlike other monuments of the first Russian Emperor in St. Petersburg, Moscow, Voronezh, Arkhangelsk, Sochi, Peter in Tula is closest to simple artisan people. In it the author has captured the Tsar – worker, not afraid of hard work, purposeful and strong.

A monument to Peter – this three-meter sculpture, cast in bronze, standing on a granite pedestal. The first Russian Emperor presented here not as a Tsar-reformer, but as a simple worker: with the hammer at the anvil, in a shirt with the sleeves rolled up and apron. In this way the sculptor has revealed one of the parties to the character of Peter.

By order of the RSFSR Council of Ministers since 1960, the monument is the object of cultural heritage protected by the state.