The shares of JSW Infrastructure Limited were trading at ₹325.35 up by ₹9.35 or 2.96 per cent on the NSE today at 2.45 pm.
JSW Infrastructure Limited has completed a significant business acquisition, executing a Business Transfer Agreement on March 25, 2025, to purchase a slurry pipeline business from JSW Utkal Steel Limited, a wholly owned subsidiary of JSW Steel Limited. The transaction, valued at ₹1,617 crore and subject to closing adjustments, involves the acquisition of a pipeline for transporting iron ore from Nuagaon mines to Jagatsinghpur in Odisha.
Concurrent with the acquisition, the company also entered into a long-term take-or-pay agreement with JSW Steel Limited. This 20-year agreement will enable the transportation of iron ore slurry through the newly acquired pipeline, ensuring a stable revenue stream for JSW Infrastructure.
The business move received prior shareholders’ approval through a postal ballot on January 26, 2025, and follows the company’s initial intimation to stock exchanges on July 19, 2024. The strategic acquisition represents a significant expansion of JSW Infrastructure’s infrastructure portfolio.