Business
Metso to make Rs.1.12 bn machine for Essar Steel
Mumbai | May 16, 2008 6:45:06 PM IST
Leading mining solutions provider Metso Minerals Friday said that it will supply a Rs.1.12 billion iron ore machine to Essar Steel Holdings Ltd. The iron ore induration machine, which is expected to be ready by 2010, will be commissioned at Essar's Paradeep Pellet Plant in Orissa. A Metso statement said the 744 sq metre machine with 270 pellet cars will have a feed rate of 700 tonnes per hour of iron ore pellets. Last year, Gurgaon-headquartered Metso Minerals had announced the expansion of its office premises and manufacturing and foundry capacities in India with a combined investment of Rs.823 million. The company is also investing approximately Rs.2 billion to set up "Metso Park", a multi-functional industrial facility in Alwar, Rajasthan.pra/rd/jg (143 Words)16051734NNNN (IANS)
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