JSW Infrastructure has officially completed the purchase of the slurry pipeline business from JSW Utkal Steel Ltd for ₹1,617 crore.
The company has also signed a long-term ‘take-or-pay’ agreement with JSW Steel Ltd. This deal ensures the transportation of iron ore slurry from the Nuagaon mines to Jagatsinghpur.
A ‘take-or-pay’ contract means the buyer must either accept delivery of goods or pay a penalty if they do not fulfil the contract terms.
JSW Infrastructure announced that it executed the Business Transfer Agreement on March 25, 2025, completing the acquisition, subject to final adjustments.
Part of the Sajjan Jindal-led JSW Group, JSW Infrastructure is India’s second-largest private port operator, with a cargo handling capacity of 170 MTPA.
As of March 27, 2025, at 9:49 AM IST, JSW Infrastructure share price is trading at ₹324.05, up by ₹8.05 (2.55%). The stock opened at ₹315.40, reached a high of ₹324.40, and a low of ₹313.40. The company’s market capitalisation stands at ₹67,260 crore, with a P/E ratio of 51.06 and a dividend yield of 0.17%. The 52-week high is ₹360.95, while the 52-week low is ₹218.20.
JSW Utkal Steel is a subsidiary of JSW Steel, a JSW Group company engaged in steel manufacturing.
With this acquisition, JSW Infrastructure strengthens its logistics capabilities, ensuring efficient iron ore transportation while reinforcing its position in India’s infrastructure sector.
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Published on: Mar 27, 2025, 9:58 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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