JSW Infrastructure has executed the Business Transfer Agreement completing the acquisition of slurry pipeline business from its wholly owned subsidiary -- JSW Utkal Steel. The company has acquired slurry pipeline business for a consideration of Rs 1,617 crore.
Further, the company has entered into a long term take or pay agreement, for a period of 20 years, with JSW Steel for the transportation of iron ore slurry from Nuagaon mines to Jagatsinghpur.
JSW Infrastructure provides maritime-related services including, cargo handling, storage solutions and logistics services. The company develops and operates ports and port terminals under Port Concessions.
