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JSW Infra acquires 51% stake in Oman port project
Financial Express Chennai
|November 18, 2025
DEAL SEEN AS KEY STEP IN BOOSTING INDIA-OMAN TIES
JSW INFRASTRUCTURE IS acquiring a 51% stake in South Minerals Port Company SAOC, a special purpose vehicle (SPV) company that will develop a 27-million-tonnes-per-annum (MTPA) port in Oman’s Dhofar Governorate.
The SPV vehicle was set up by Minerals Development Oman (MDO), the state-owned mining developer and operator. JSW Infra didn’t disclose the transaction value.
The $419 million project is slated to begin operations in 2029. JSW Infra's step-down subsidiary, JSW Overseas FZE, has signed a share subscription and purchase agreement to take the majority stake, with MDO retaining 49%.
This story is from the November 18, 2025 edition of Financial Express Chennai.
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