Camp Hill, Pennsylvania-based diversified global industrial company Harsco Corporation announced Tuesday a new multi-year contract valued at more than $160 million over its duration with Essar Steel India Limited, one of India's largest steel producers and exporters.
The 15-year agreement is Harsco's third major contract announcement in India within the past six months, following new contracts with JSW Steel, the country's leading private sector steel producer and Jindal Stainless Limited, India's largest stainless steel producer. Combined with other ongoing work, the company's portfolio of business in the Indian steel sector now totals more than $500 million in projected future revenues over the next 10 to 15 years.
This latest contract is for slag management and metal recovery services at Essar's Hazira facility, the world's fourth largest single-location steel plant with a steelmaking capacity of more than 10 million tons a year. Harsco's work is expected to begin in the third quarter of 2014.