JSW Infra closes pipeline biz purchase from JSW Utkal Steel for Rs 1,617 cr

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JSW Infra closes pipeline biz purchase from JSW Utkal Steel for Rs 1,617 cr - Business Standard

Quick Summary:

"The company executed the Business Transfer Agreement on March 25, 2025 completing the acquisition of slurry pipeline business form JSW Utkal Steel Ltd for a consideration of Rs 1,617 crores (subject to closing adjustments)," it said.

In an exchange filing, the company said it has also entered into a long-term 'take-or-pay' agreement with JSW Steel Ltd for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur.

JSW Infrastructure on Wednesday said it has completed the acquisition of slurry pipeline business from JSW Utkal Steel Ltd for around Rs 1,617 crore.