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JSW Steel investing in pipe conveyor projects tol save on logistics cost

Steel News - Published on Thu, 08 Nov 2018

Image Source: SteelGuru
Money Control reported that JSW Steel is investing nearly INR 350 crore to set up two pipe conveyor projects that will transport ore from the mines to its plant in Karnataka. The projects, which will be completed by the end of the present financial year, will save the company as much money, around INR 350 crore, in annual logistics cost to transport the raw material.

For JSW Steel, the two pipelines will help at a time when cost of raw materials like iron ore and coal is slowly inching up. Its materials expense increased 22 percent in the second quarter of the present financial year, as compared to a year ago. The pipeline will also play a crucial role in the company's plan for raw material security.

At present, hundreds of trucks are deployed to move the ore from the mines to the plant in Vijayanagar.

Source :

Posted By : Sanju Moirangthem on Thu, 08 Nov 2018
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