Mumbai - JSW Infrastructure, India’s second-largest private port operator, has partnered with Minerals Development Oman (MDO) to develop a new 27-million-tonne-per-annum greenfield port in Oman. The project, costing $419 million (₹3,730 crore), is designed to support the country’s fast-growing industrial minerals sector.
Construction of the port is expected to take 36 months, with commercial operations targeted for the first half of 2029.
To execute the project, JSW’s wholly owned step-down subsidiary, JSW Overseas FZE, will acquire a 51% stake in South Minerals Port Company SAOC . . .
Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.
You cannot copy content of this page
