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 conditions precedent set out under the agreement. 
  • The JSW Overseas FZE has also entered into a Shareholders’ Agreement with MDO to set out the rights and obligations with respect to the governance of the Port SPV. 
  • As part of the collaboration, JSW Overseas FZE will hold a majority equity stake of 51% in the Port SPV, while the remaining 49% will be held by MDO. 
  • The Port SPV has been established to spearhead the development and operation of a Greenfield port facility that will support the industrial minerals Project in the Dhofar Governorate of Oman. 
  • Under the terms of the agreement and as part of the transaction with MDO: 
  • • The Port SPV will develop and operate a 27 Million Tonnes Per Annum (MTPA) capacity port, with a total project capex of US$419 Million 
  • • The construction phase is expected to span 36 months, targeting a commencement of commercial operations in the first half of Calendar Year 2029 (COD) Mr. Sajjan Jindal, Chairman JSW Group, said “Our collaboration with Minerals Development Oman (MDO) marks a proud milestone in strengthening the historic ties between India and the Sultanate of Oman. This 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.”

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