Outotec to deliver two sinter plants for SAIL in India

OUTOTEC OYJ PRESS RELEASE, OCTOBER 26, 2007 AT 9.00 AM

Outotec has been awarded a contract by Steel Authority Of India Ltd (SAIL) for the design and delivery of two iron ore sinter plants on turn-key basis as part of a consortium with Larsen & Toubro Ltd. The new plants will be built at the IISCO Steel Plant of SAIL located at Burnpur, West Bengal. Outotec's contract value exceeds EUR 22 million.

The new sinter plants are part of SAIL's program of expanding its annual capacity at the IISCO Steel Plant by 2.5 million tonnes of crude steel. The sinter plants will produce 3.8 million tonnes of iron sinter per year.

Outotec's scope covers engineering, supply of proprietary and special equipment as well as technical services. Larsen & Toubro Ltd. will cover engineering and supply of local mechanical, electrical and instrumentation works and complete site services including civil, structural and construction works.

The new sinter plants are expected to become operational in early 2010.

"Outotec is currently building two sinter plants in India for Tata Steel, one in Jamshedpur and another in Orissa, as well as two plants for JSW Steel in Toranagallu. We have received orders for already four sinter plants from India this year, which clearly demonstrates our reliability as a supplier and our leadership in the iron and steel industry in the area of iron ore sintering technology", says Tapani Järvinen, President and CEO of Outotec.

For further information please contact:

OUTOTEC GMBH

Karthik Pazayanur, Sales Director

tel. +49 6171 9693 118

e-mail karthik.pazayanur(at)outotec.com

OUTOTEC OYJ

Eila Paatela, Vice President - Corporate Communications

tel. +358 20 529 2004, mobile +358 400 817198

e-mail eila.paatela(at)outotec.com

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