JSW Infra in pact to develop 27 MTPA port in Oman
MUMBAI : JSW Infrastructure, the second-largest private commercial port operator in India, and Minerals Development Oman plan to develop a greenfield 27 million tonne per annum port with an investment of $419 million (₹3,730 crore) in Oman.
The construction is expected to be completed in 36 months, targeting commencement of commercial operations in the first half of 2029.
The company’s wholly owned step-down subsidiary, JSW Overseas FZE, will acquire 51 per cent stake in South Minerals Port Company SAOC, a newly incorporated special purpose vehicle (SPV) established by the Minerals Development Oman.
The remaining 49 per cent stake in the port SPV will be held by MDO. The greenfield port will support the industrial minerals project in the Dhofar Governorate of Oman.
Export potential
With abundant reserves of limestone, gypsum and dolomite — critical inputs for India’s steel and cement industries—the country offers immense export potential.
The proposed port will serve as a vital gateway, streamlining bulk mineral exports from MDO’s concessions and strengthening supply chain efficiency and regional trade connectivity.
Sajjan Jindal, Chairman, JSW Group said the strategic investment will lay the foundation for deeper trade connectivity and economic cooperation.
“Together, we aim to build worldclass assets that strengthen our long-term partnership and set a new benchmark for regional growth,” he added.
Long-term value
Rinkesh Roy, CEO & Joint Managing Director, JSW Infrastructure said the association with MDO is a commitment to build a world-class maritime infrastructure that delivers long-term value for all stakeholders.
Oman’s strategic location along key global maritime routes, coupled with advanced logistics and proximity to major markets in South Asia, Southeast Asia and East Africa, make it a natural hub for mineral exports, he said.
JSW Infrastructure has set a long-term goal of expanding cargo handling capacity to 400 mtpa by 2030, up from the current 177. It also aligns with Oman’s Vision 2040, which prioritises economic diversification by transitioning from a hydrocarbon-centric economy to diversified, non-oil growth and the development of world–class infrastructure.
Source : BL