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JSW Infra acquires 51% stake in Oman port project
Financial Express Chandigarh
|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%.
यह कहानी Financial Express Chandigarh के November 18, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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