SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 27 Sep, 2014  

Essar.9.Thmb.jpg Essar Steel signs $160 mn deal with Harsco India

Steel.9.2.jpg
   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
SME Times News Bureau | 05 Jul, 2013
Towards becoming a "zero-waste" firm, Essar Steel has signed a $160-million deal with Harsco India for recovering iron from the slag generated while making steel.

"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 said in a statement here Thursday.

Essar Steel generates around a million tonnes of slag each year and uses it to make paver blocks which are not only cheaper, but also stronger and heavier compared to cement paver blocks.

The company has been using slag for making various construction material, while the agreement with Harsco is aimed at eliminating wastage of iron content in the slag.

"This agreement is in line with the objective of Essar Steel to become a "zero-waste" company. We remain committed to the cause of sustainable development," said Rajiv Bhatnagar, director at the Hazira facility of Essar Steel India.

The company has a 10 million tonne per annum capacity plant in Hazira, Gujarat.

Essar Steel also has a presence in Canada, the US and Indonesia with a total 14 million tonnes per annum steel-making capacity.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter