JSW Group.
JSW Partners with Minerals Development Oman: Muscat, Oman – November 2025 – JSW Group, one of India’s leading industrial conglomerates, has entered into a strategic partnership with Minerals Development Oman SAOC (MDO), the Sultanate of Oman’s state-owned mine developer and operator, to develop a 27 million tons per annum (MTPA) greenfield port facility and mining operations for gypsum and limestone. The agreement marks a significant step in JSW Group’s ongoing global expansion strategy, particularly in the mining and infrastructure sectors.
The new project will be located in the Dhofar Governorate of Oman, an area rich in gypsum and limestone deposits, which are vital for construction and industrial uses. The port facility, with an estimated capital expenditure of USD 419 million, is set to become a major hub for the export of these materials and will play a key role in enhancing the logistics and infrastructure capabilities of the region.
A Key Strategic Partnership
As part of the deal, JSW Infrastructure Limited (JSWIL) will acquire a 51% stake in South Minerals Port Company SAOC (the Port SPV), a joint stock company established by MDO in Oman to oversee the port development. Additionally, JSW Mining Singapore Pte. Ltd., a subsidiary of JSW International Tradecorp Pte. Ltd., will take a 49% share in South Minerals Company SAOC (the Mine SPV), which will be responsible for the mining operations.
The collaboration will see JSW Group and MDO jointly manage the project, with JSW Mining Singapore Pte. Ltd. committing to offtake 12 MTPA of the mined gypsum and limestone. The port will provide essential services for the mining operations, including cargo handling, storage, and loading facilities for the mined products.
Legal and Advisory Teams Behind the Deal
Trilegal, a leading Indian law firm, played a central role in advising JSW Group on this landmark partnership. The firm’s Corporate Team, led by Partners Deep Choudhuri and Prarthna Baranwal, structured the overall deal and drafted key agreements, including the Share Subscription and Purchase Agreement for the Port SPV and the Share Subscription Agreement for the Mine SPV. They also advised on the governance structures through the shareholders’ agreements and negotiated the framework offtake agreement and port services agreement.
Trilegal’s Projects Team, led by Partner Gautam Chabra, was also instrumental in the negotiation and drafting of agreements related to the port and mining operations, with significant contributions from Counsels Kaneeka Mehta and Amlan Guha, and Associates Manasvi Sharma and Kunal Sharma.
In addition, Addleshaw Goddard provided expert advice on the Omani legal aspects of the partnership, ensuring compliance with local laws and regulations.
MAQ Legal, a prominent Omani law firm, advised Minerals Development Oman on the transaction, ensuring that MDO’s interests were well represented in the deal.
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Milestone for JSW Group’s Global Expansion
This strategic partnership with MDO marks a major milestone in JSW Group’s efforts to expand its footprint in the global infrastructure and mining sectors. The greenfield port facility and mining operations will not only strengthen JSWIL’s global presence but also contribute to the development of Oman’s mineral resources, positioning the country as a significant player in the global mining market.
“We are excited to partner with Minerals Development Oman to develop this state-of-the-art port facility and mining operation in Oman. This collaboration is a significant step in our journey to expand our global operations and strengthen our position in the minerals and infrastructure sectors,” said a spokesperson from JSW Group. “The Dhofar region’s rich mineral resources, coupled with Oman’s strategic location, make this project a key element in our long-term growth strategy.”
Project Timeline and Future Prospects
Construction of the port facility is expected to begin soon, with commercial operations slated to commence in the first half of 2029. Once operational, the facility will support the extraction and export of gypsum and limestone, playing a crucial role in the growth of Oman’s mining sector and its global trade in these materials.
JSW Group’s partnership with MDO is expected to bring significant economic benefits to both parties, with enhanced infrastructure, increased employment opportunities, and stronger ties between India and Oman in the fields of mining, trade, and investment.
As the project moves forward, all eyes will be on the successful implementation of the greenfield port and mining operations, which will undoubtedly shape the future of the region’s mining industry and contribute to JSW Group’s continued global success.
