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Camp Hill-based Harsco Corporation announced today it has been awarded a new multiyear contract valued at more than $100 million with India's largest stainless steel producer, Jindal Stainless Limited.

 

The 15-year contract, Harsco's second major award in two months within India's rapidly developing steel sector and its first within India's stainless steel sector, calls on Harsco to serve as an onsite resource recovery and material handling partner to Jindal Stainless Limited's expanding stainless steel production operations in India.

 

Harsco's services are scheduled to begin in the second half of this year and will include the company's specialized process technologies for recovering metal from stainless steel production byproducts, where Harsco has consistently generated metal recovery rates above 99 percent at similar operations throughout the world.

 

Last month, Harsco announced a similar multiyear contract valued at more than $225 million to provide onsite services to India's largest private sector steel producer, JSW Steel, which is also part of the O P Jindal Group. According to industry forecasts, India is poised to become the world's second-largest producer of steel by the middle of this decade, taking into account its currently-planned capacity expansion projects.