JSW plans Rs.2,100 cr slurry pipeline

In order to make iron ore available at a fair price within Karnataka and also ensure long-term sustainability, JSW has given go-ahead to construct a slurry pipeline to transport iron ore from coastal Karnataka to the Vijayanagar works at an investment of Rs.2,100 crore, official sources said that the project 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 (million ton per annum) integrated steel plant at Vijayanagar in Karnataka where the plant has been set up with substantial investments relying upon consistent supply of iron ore at a fair price.