JSW Infrastructure Completes Acquisition of Slurry Pipeline Business for Rs. 1,617 Crores

JSW Infrastructure Ltd has completed the acquisition of slurry pipeline business for the transportation of iron ore from Nuagaon mines to Jagatsinghpur in the State of Odisha, from JSW Utkal Steel Limited, a wholly owned subsidiary of JSW Steel Limited. The acquisition was made for a consideration of Rs. 1,617 crores (subject to closing adjustments) and is in line with the shareholders' approval obtained via postal ballot on January 26, 2025. Additionally, the company has entered into a long term take or pay agreement with JSW Steel Limited for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur through the slurry pipeline, for a period of 20 years.