JSW INFRASTRUCTURE EXPANDS GLOBAL FOOTPRINT WITH STRATEGIC COLLABORATION IN OMAN
JSW INFRASTRUCTURE EXPANDS GLOBAL FOOTPRINT WITH STRATEGIC COLLABORATION IN OMAN ENTERS INTO AGREEMENT WITH STATE-OWNED MINERALS DEVELOPMENT OMAN TO DEVELOP & OPERATE 27 MILLION MTPA PORT WITH PROJECT CAPEX OF US$419 MILLION Marking a major milestone in the expansion of its global footprint, JSW Infrastructure Limited (“the Company”), part of the JSW Group and India’s second-largest private commercial port operator, today entered into a landmark agreement with Minerals Development Oman (MDO) - the Sultanate of Oman’s stateowned mine developer and operator. As part of the collaboration, the Company’s wholly owned step-down subsidiary, JSW Overseas FZE, entered into a Share Subscription and Purchase Agreement with South Minerals Port Company SAOC (“Port SPV”), a newly incorporated entity established by the MDO. JSW Infrastructure, through JSW Overseas FZE - has agreed to subscribe to a 51% stake in the Port SPV, subject to the fulfilment of customary con...