Tag Archives | Esfahan Steel Company

Iran Manufactures First Domestic Rail Tracks

Esfahan Steel Company (ESCO) has announced that the first domestically-constructed rail tracks have been handed over to Iran’s Railways, saying the rails are on par with the latest global standards. ESCO announced on Monday that the first domestically-constructed rail tracks have been handed over to Iran’s Railways, the Medi Telegraph reported on Tuesday. The rail […]

NIOC signs $615m Deal with Tubacex

By John Lee. The National Iranian Oil Company (NIOC) has signed Iran’s first oil contract of the post-sanctions era with an international consortium comprising Spain’s Tubacex and Iran’s Isfahan Steel Company [Foolad Isfahan Company]. Associated Press reports that the deal worth US$615 million, and says the Spanish-Iranian consortium will provide oil pipes for a network […]

Esfahan Steel Co. Eyes Foreign Investment

Esfahan Steel Company, Iran’s third largest steel maker, is seeking to attract foreign buyers as it plans to boost its production, a report said. The company aims to boost production to 3.2 million metric tons in the current Iranian calendar year, which ends in March 2017, from 2.4 million tons a year earlier, said Mojtaba […]

Iran reports “Huge Rail Purchase” from India

By John Lee. The managing director of the Islamic Republic of Iran Railways (IRIR, RAI), has been quoted as saying that Iran has bought 250,000 tons of rails from India. Mohsen Pour-Seyyed Aqaei said: “Five percent of the funds required for the purchase will be provided by the IRIR … The remaining 95 percent of […]