Finland's Outotec bags euro 70 million order for iron ore pelletizing technology

KOLKATA: Outotec of Finland said it has bagged an order for design and delivery of an iron ore pelletizing plant to be built in north east India. The value of the order is approximately euro 70 million and it will be booked in Outotec's second quarter 2014 order intake. Once operational, the plant will produce annually 4 million tonnes of iron ore pellets to be used as raw material for steel production.

""We are happy to share our vast pelletizing expertise to turn waste into products and thus improve their profitability. This is a very unique effort towards sustainability in India, where environmental awareness is rapidly rising. Also, this is our largest order in the extremely cost-conscious Indian market and indicates that there is demand for our innovative and sustainable solutions"", says Robin Lindahl, President - Metals, Energy & Water business area at Outotec.

The new pellet plant will be built to one of the oldest mine sites in India. It will allow recycling of low value iron ore fines and slimes for conversion to value added products.Outotec's scope of delivery includes technology for a traveling grate pelletizing plant, engineering, key process equipment as well as erection and commissioning services. Outotec has delivered nearly 70pelletizing plants worldwide, and about two thirds of the global pellet production derives from Outotec traveling grate process.