JSW Steel has received its board’s approval to set up a Slurry Pipeline to transport iron ore from coastal Karnataka to the Vijayanagar works. This Slurry Pipeline can be set up within 24 months at an estimated cost of Rs 2,100 crore. This will facilitate transporting iron ore through Slurry Pipeline at a very competitive 15% cost of alternate means of transport.
This strategic project will enable the company to source almost 50% of the current requirement of iron ore at Vijayanagar works from outside Karnataka either from imports or from Odisha / eastern sector at prices lower than the prevailing prices in Karnataka.
JSW Steel has been operating its 12 MTPA integrated steel plant at Vijayanagar works in the State of Karnataka. The plant has been set up with substantial investments relying upon consistent supply of iron ore at a fair price.
| Company Name | CMP |
|---|---|
| Tata Steel | 211.30 |
| JSW Steel | 1264.30 |
| SAIL | 184.70 |
| Jindal Stainless | 768.20 |
| APL Apollo Tubes | 1903.45 |
| View more.. | |
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