Harsco Corp. (HSC) announced that it has been awarded a new multi-year contract valued at more than $65 million over its duration as an onsite services partner to India's giant steelmaking sector.
Harsco said that it will undertake a range of onsite material handling, metal recovery and slag stockpile services at the 1,200-acre Ispat Dolvi complex, a major integrated facility within Maharashtra, India's largest industrial state and home to India's business capital, Mumbai.
The plant produces in excess of 3 million tons of steel per year and is part of Ispat Industries Limited, a large private sector producer of hot rolled coils in India. Work is scheduled to be underway by the start of 2011.
Announcing the contract, Harsco Metals CEO Galdino Claro said, "Ispat Dolvi is a perfect strategic entry point for Harsco into one of the world's foremost steelmaking economies. Our partner Ispat Industries is a solid industrial organization with a proven commitment to growth and innovation.
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