Outotec to deliver iron ore sinter plant for JSW Steel in India

OUTOTEC OYJ PRESS RELEASE, SEPTEMBER 14, 2007

Outotec has been awarded a contract by JSW Steel Ltd. for the third iron ore sinter plant to be built at JSW Steel's integrated steelworks at Toranagallu, India. Outotec's scope of delivery includes design, basic engineering and supply of proprietary equipment for a sinter plant with a grate area of 496 square meters. Once operational, it will be one of the largest sinter plants in India.

JSW Steel Ltd., part of the Jindal Conglomerate, produces 2.65 million tonnes of steel in 2007 and is expanding its capacity to 7 million tonnes in 2008. Outotec's third sinter plant delivery is part of the next phase of JSW Steel's capacity expansion at Toranagallu, which is planned to take the annual capacity of the complex to 10 million tonnes by 2010, thus making it the largest single location integrated steel production facility in India.

"This contract reinforces the strong partnership between JSW Steel and Outotec, based on the earlier two sinter plants that have been supplied by Outotec for JSW's Toranagallu works. The order for the third sinter plant consolidates our position as the leading supplier of agglomeration technology in the iron and steel industry in India", says Tapani Järvinen, President and CEO of Outotec.

For further information please contact:

OUTOTEC GMBH

Hans-Georg Thielepape, Vice President - Metals Processing, Ferrous Technologies

tel. +49 6171 9693 360

e-mail hans-georg.thielepape(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

DISTRIBUTION

Main media

www.outotec.com