JSW Steel Limited said the company’s board has approved a plan to build a pipeline from its Vijayanagar plant in Karnataka to the coast to facilitate the import of cheaper iron ore from Odisha and Eastern India.
“This Slurry Pipeline can be set up within 24 months at an estimated cost of Rs 2,100 crores. 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 and the eastern sector at prices lower than the prevailing prices in Karnataka,” it said. Read More…
Credit By : Ultra News
Latest posts by Ultra News (see all)
- Adani To Set Up New Jharkhand Power Plant To Supply To Bangladesh – November 8, 2017
- Reliance, Essar Triple Petrol Outlets In 2 Yrs, Continue To Expand Fast – India Ratings – October 13, 2017
- Reliance Infrastructure Responds To Downgrade By India Ratings – October 6, 2017