JSW Infrastructure Acquires Slurry Pipeline Project for ₹1,700 Crore.

JSW Infrastructure has approved the purchase of an under-development slurry pipeline project from JSW Utkal Steel for ₹1,700 crore, a move set to enhance connectivity for the upcoming Jatadhar Port in Odisha. The 30-million-tonne-per-annum (mtpa) pipeline, stretching 302 km from Nuagaon to Jagatsinghpur, will directly link to Jatadhar Port.

The company has secured a 20-year take-or-pay agreement with a JSW Steel subsidiary to utilize the pipeline for iron ore transportation. With 122 km of the project already completed, the development is slated to finish by early 2027, with commercial operations expected to begin in April 2027.

The valuation includes the fair value of expenses incurred up to May 31, 2024, and projected costs until the transfer date. This port connectivity initiative aligns with JSW Infrastructure’s growth strategy, promising robust annual cash flows and a lucrative mid-teens internal rate of return. The project also offers a sustainable solution for underground iron ore transport, significantly reducing carbon emissions and providing substantial environmental benefits.

HBL