Outotec to deliver large iron ore pelletizing plant for Tata Steel in India

OUTOTEC OYJ STOCK EXCHANGE RELEASE, AUGUST 12, 2008 AT 2.30 PM

Outotec to deliver large iron ore pelletizing plant for Tata Steel in India

Outotec has agreed with Tata Steel upon the delivery of an iron ore pelletizing plant to be built in Tata's steel works in Jamshedpur. The contract value exceeds EUR 70 million.

Outotec's scope of delivery covers basic and detail engineering, supply of critical and proprietary equipment for a plant with 768 square meter grate area as well as technical assistance services. Outotec's local partner in the project is Larsen & Toubro Ltd, whose scope of work covers detail engineering, local supplies, erection and commissioning along with civil and structural works.

When completed in 2011, the pelletizing plant will be the largest such plant in India and among the largest in the world.

"This contract reinforces the long-standing partnership between Tata Steel and Outotec. We have already delivered four sinter plants to Tata Steel's Jamshedpur works and the largest sinter plant of India to Tata's Kalinganagar works. The order also strengthens Outotec's position as the leading supplier of agglomeration technologies for the iron and steel industry, especially in the highly competitive Indian market", says Tapani Järvinen, President and CEO of Outotec.

For further information please contact:

Outotec GmbH

Karthik Pazayanur, Sales Director - Metals Processing

tel. +49 6171 9693 118

e-mail karthik.pazayanur(at)outotec.com

Outotec Oyj

Eila Paatela, Vice President - Corporate Communications

tel. +358 20 529 2004, +358 400 817 198

e-mail eila.paatela(at)outotec.com

DISTRIBUTION

OMX Nordic Exchange Helsinki

Main media

www.outotec.com