JSW Infra Acquires Pipeline Business from JSW Utkal for Rs 16.17 Bn

28 Mar 2025 CW Team

JSW Infrastructure has completed the acquisition of the slurry pipeline business from JSW Utkal Steel for approximately Rs 16.17 billion. The transaction was finalized through a Business Transfer Agreement executed on March 25, 2025, and is subject to closing adjustments.

Alongside the acquisition, JSW Infrastructure has entered into a long-term take-or-pay agreement with JSW Steel for the transportation of iron ore slurry. This agreement ensures the movement of slurry from the Nuagaon mines to Jagatsinghpur, thereby strengthening the logistics and supply chain operations between the two JSW Group companies.

Under a take-or-pay arrangement, the buyer is contractually obligated to either take delivery of the goods or pay a predetermined penalty if the terms of the agreement are not fulfilled. This model offers revenue assurance to JSW Infrastructure for the use of the pipeline, enhancing its long-term business visibility.

JSW Infrastructure, part of the Sajjan Jindal-led JSW Group, is India’s second-largest private port operator, with a total cargo handling capacity of 170 million tonnes per annum (MTPA). The company continues to expand its infrastructure assets across key industrial corridors to support the group’s steel and other related businesses.

JSW Utkal Steel, from which the slurry pipeline business has been acquired, is a subsidiary of JSW Steel, a leading steel manufacturer and another key entity of the JSW Group. This acquisition is seen as a strategic move to optimize logistics and transportation efficiencies for the group’s integrated steel operations.

News source: Business Standard

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