JSW Infrastructure Limited has unveiled a major step in its international growth strategy through a new port development partnership in Oman. The company’s wholly owned step down subsidiary, JSW Overseas FZE, has signed an agreement to acquire a 51 percent stake in South Minerals Port Company SAOC. This newly formed entity has been created by Minerals Development Oman.
The project involves a total investment of 419 million dollars. Under the agreement, the Port SPV will build and operate a port with a capacity of 27 million tonnes per annum. Construction is planned to take place over a period of 36 months. Commercial operations are scheduled to begin in the first half of 2029. JSW Overseas FZE will hold 51 percent ownership while Minerals Development Oman will retain 49 percent.
The partnership is an important step in JSW Infrastructure’s global expansion and supports Oman’s Vision 2040, which focuses on economic diversification. Sajjan Jindal, Chairman of JSW Group, said, “This strategic investment will lay the foundation for deeper trade connectivity and economic cooperation. Together, we aim to build world class assets that strengthen our long term partnership and set a new benchmark for regional growth.”
The port will be located in the Dhofar Governorate of Oman. Its position along major global maritime routes will support the export of bulk minerals such as limestone, gypsum and dolomite from MDO’s mining concessions. These minerals play an important role in India’s steel and cement sectors.
Rinkesh Roy, CEO and Joint Managing Director of JSW Infrastructure, said, “It reinforces our strategic vision to scale operations while maintaining operational excellence and sustainable growth.”
The investment supports JSW Infrastructure’s long term plan to increase its cargo handling capacity from 177 million tonnes per annum to 400 million tonnes per annum by 2030. Besides expanding JSW’s global presence, the project is expected to strengthen trade and economic relations between India and Oman.
The agreement remains subject to customary conditions and regulatory approvals from authorities in Oman. The deal structure includes JSW Overseas FZE subscribing to new shares and acquiring one existing share from a nominee shareholder of Minerals Development Oman.
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