Deals26 Mar 2025, 05:21 pm
JSW Steel Completes Slump Sale of Slurry Pipeline Business for Rs. 1,617 Crores
AI Summary
JSW Steel Ltd has completed the slump sale of its Slurry Pipeline business from Nuagaon mine to Jagatsinghpur in the State of Odisha to JSW Infrastructure Limited, a related party, for a consideration of Rs. 1,617 crores. This transfer was executed through a Business Transfer Agreement on March 25, 2025. Additionally, the Company entered into a long-term take or pay agreement with JSW Infrastructure Limited for the transportation of iron ore slurry from the Nuagaon mines to Jagatsighpur for a period of 20 years.
Key Highlights
- JSW Steel completes slump sale of Slurry Pipeline business to JSW Infrastructure Limited
- Transaction valued at Rs. 1,617 crores
- Long-term take or pay agreement entered for the transportation of iron ore slurry
- Transfer executed through Business Transfer Agreement on March 25, 2025
- Agreement period for transportation is 20 years