New Delhi: JSW Steel on Thursday said its board has approved the plan to set up a Rs2,100 crore slurry pipeline in Karnataka to transport iron ore and coal for its 12 metric tonnes (MT) integrated steel plant in the state. More From Livemint »It said this slurry pipeline can be set up within 24 months at an estimated cost of Rs2,100 crore. This will facilitate transporting iron ore through slurry pipeline at a very competitive 15% cost of alternate means of transport. JSW Steel has been operating its 12 MTPA (million tonne per annum) integrated steel plant at Vijayanagar works in Karnataka. The company said transportation of iron ore through slurry pipeline is an environmentally friendly initiative and globally this shift towards pipeline transportation is evident.

Source: Mint June 29, 2017 13:18 UTC