Outotec to deliver iron ore sintering technology for Tata Steel in India

OUTOTEC OYJ PRESS RELEASE, AUGUST 14, 2007

  

Outotec has been awarded a contract by Tata Steel for the design and basic engineering of an iron ore sinter plant, supply of proprietary equipment and provision of supervisory services for Tata Steel's new Kalinganagar steel plant project in India. The contract value is around EUR 35 million.

Tata Steel is planning to build an integrated steel plant with an annual capacity of six million tonnes of steel at Kalinganagar Industrial Complex of Duburi in the Jajpur district of Orissa. Outotec's delivery is part of the first phase of the project and it will be the largest iron ore sinter plant in India to date.

The local portion of the sinter plant project will be executed by Larsen & Toubro Ltd, whose scope of work covers detail engineering, local supplies, erection and commissioning along with the site services comprising of civil and structural works.

"This contract reinforces the long-standing partnership between Tata Steel and Outotec, based on the earlier four sinter plants that we have supplied for Tata Steel's Jamshedpur works. The order for the Kalinganagar sinter plant also strengthens Outotec's position as the leading supplier of agglomeration technologies for the iron and steel industry, especially in the highly competitive Indian market", says Tapani Järvinen, President and CEO of Outotec.

For further information please contact:

OUTOTEC OYJ

Seppo Rantakari, Deputy CEO

tel. +358 40 5006526

e-mail: seppo.rantakari(at)outotec.com

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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