JSW Steel completes Utkal slurry pipeline sale, extends Minas deal

JSW Steel announced the completion of the slump sale of its slurry pipeline business by its wholly-owned subsidiary, JSW Utkal Steel Limited, to JSW Infrastructure Limited on March 25, 2025, for a consideration of ₹1,617 crore, subject to closing adjustments. The business involves transporting iron ore from Nuagaon to Jagatsinghpur in Odisha. Simultaneously, JSW Utkal Steel entered into a long-term take-or-pay agreement with JSW Infrastructure for transporting iron ore slurry through the pipeline over 20 years.