JSW Infrastructure expands with 51% stake in Oman port project

JSW Infrastructure Limited, through its step-down wholly owned subsidiary JSW Overseas FZE, has entered into definitive agreements to acquire a 51% stake in South Minerals Port Company SAOC (Port SPV) in Oman. The Port SPV will develop and operate a 27 Million Tonnes Per Annum (MTPA) capacity port with a total project capital expenditure of $419 Million.

This acquisition is a cash consideration and is expected to be completed within 60 days. The Port SPV is slated to commence commercial operations in the first half of Calendar Year 2029, following a 36-month construction phase. JSW Overseas FZE will hold a majority equity stake, with the remaining 49% held by Minerals Development Oman (MDO).

The deal marks a significant step in JSW Infrastructure's goal to expand its total cargo-handling capacity to 400 MTPA by 2030, reinforcing its global presence and supporting mineral exports from Oman's Dhofar Governorate.