On Thursday, Camp Hill, Pennsylvania-based diversified global industrial company Harsco Corporation announced a new multi-year contract valued at more than $225 million for onsite services to India's largest steel producer, JSW Steel.
Harsco will provide resource recovery and slag management services at JSW Steel's Vijayanagar plant in Karnataka, with work scheduled to begin in the second half of 2013. Harsco is already providing various industrial services at Vijayanagar and at JSW Steel's associate company, JSW Ispat Steel's Dolvi plant in Maharashtra. JSW Steel is India's largest steel producer with a total production capacity of 14.3 million tons per year.
Mr. Seshagiri Rao, Joint Managing Director and Group CFO, JSW Steel, said, "We are continuously working towards optimizing our operations with an emphasis on environment management. The tie-up with Harsco will optimize recovery of metallic units from slag and will help us in bringing raw material cost down."