5-July-2013
In its stride to become a ‘zero-waste’ discharging company Essar Steel, one of the leading steel makers among private sector steel making companies in India, has signed an mou for 15 years worth ₹ 960 crore (about $ 160 million) with Harsco India for recovering iron from slag generated in its furnaces.
In its stride to become a ‘zero-waste’ discharging company Essar Steel, one of the leading steel makers among private sector steel making companies in India, has signed an mou for 15 years worth ₹ 960 crore (about $ 160 million) with Harsco India for recovering iron from slag generated in its furnaces.
"The
Agreement is for a period of 15 years valued at $ 160 million over the duration
of contract. As per agreement, Harsco will recover iron from slag which can
then be reused in steel making," Essar Steel today said in a statement. Moreover, after
the metal is recovered, the sized slag can be used as road fill, in
road-laying, brick-making, cement mix in construction, among other usages.
Essar
Steel generates around one million tonnes of slag annually, which it has been using for making
various construction materials till now; but the decision to rope in Harsco
India, a leading firm in slag processing and metal recovery, has been taken to
eliminate wastage of iron content in the slag.
"This
agreement is in line with the objective of Essar Steel to become a "zero-waste" steel making company. We remain committed to the
cause of sustainable development," said Rajiv Bhatnagar, Director at the
Hazira Facility of Essar Steel India.
Essar
Steel with a capacity of 14 million tonnes per annum (MTPA) is a fully integrated company
from mining to retail and has strong downstream capability with a global presence in
several countries - India, Canada,
USA and Indonesia.
On the hand Harsco, headquartered in Camp Hill,
Pennsylvania, is a diversified, worldwide company with more than 400 locations
in 50 countries, are mainly serving to the industries fundamental to global
economic progress and infrastructure development.
(Source: Business
Line)
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