Outotec to deliver iron ore sinter plant to SAIL Rourkela in India

OUTOTEC OYJ PRESS RELEASE, SEPTEMBER 9, 2008 AT 10.00 AM

Outotec has won an order from Steel Authority of India Ltd (SAIL) for the design and delivery of an iron ore sinter plant for SAIL's Rourkela Steel Plant in Orissa. Outotec will implement the turnkey plant project in consortium with Larsen & Toubro Ltd. Outotec's contract price exceeds EUR 25 million.

The new sinter plant is part of SAIL's program of expanding the annual capacity of the Rourkela Steel Plant by 2 million tonnes of crude steel.

Outotec's scope covers engineering, supply of proprietary and special equipment as well as technical services for a sinter plant with a reaction area of 360 square meters. Larsen & Toubro will cover engineering and supply of local mechanical, electrical and instrumentation works as well as complete site services including civil, structural and construction works.

The new sinter plant is expected to become operational in 2011.

"Outotec is currently building four other sinter plants in India, two of which for SAIL's IISCO works in Burnpur, one for Tata Steel in Kalinganagar, and one for JSW Steel in Toranagallu. These together with the Rourkela order demonstrate clearly Outotec's leadership as a technology supplier in the area of iron ore sintering", says Tapani Järvinen, President and CEO of Outotec.

For further information please contact:

OUTOTEC GmbH

Thomas Schwalm, Vice President - Ferrous Technologies

tel. +49 6171 9693-197

e-mail thomas.schwalm(at)outotec.com

OUTOTEC OYJ

Eila Paatela, Vice President - Corporate Communications

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

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

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