Jindal Shadeed has already made an investment of more than US$1.1 billion. Oman's Vision 2040 aims to diversify the economy away from oil dependency, and steel is a pivotal non-oil sector contributing significantly to GDP and infrastructure development. Jindal Shadeed proudly partners with the government, contributing about 1.8% to Oman's GDP.

Jindal Shadeed Iron & Steel LLCwas acquired by JSPL in July 2010, soon after the takeover of Shadeed, the Gas based Hot Briquetted Iron (HBI) plant was commissioned in December 2010. JSIS is the largest and only integrated steel plant in Oman.

Jindal Shadeed Iron & Steel Duqm plant (جندال شديد للحديد و الصلب), also known as Vulcan Green Steel, is a steel plant in Duqm, Al Wusta, Oman that operates direct reduced iron (DRI) and electric arc furnace (EAF) technology.

Dec 5, 2022 · The proposed green steel manufacturing facility, which is set to be built at the Special Economic Zone at Duqm (Sezad) at Duqm in Oman, is expected to produce five …

Naveen Jindal's JSPL group has requisitioned a greenfield 2 million ton (mt) steel plant in Sohar, Oman at an investment of $800 million. The greenfield unit, which is an affiliate of Jindal Shaheed Iron & Steel, a wholly possessed subsidiary of JSPL, is …

Jul 12, 2023 · Jindal Shadeed Iron & Steel LLC (JSIS), part of the Jindal Group, is bolstering its commitment to the Sultanate of Oman with a number of strategic investments aimed at fostering socio-economic growth while supporting the nation's transition to a green and circular economy.

Mar 22, 2016 · Jindal Steel and Power Limited (JSPL) has commissioned a 1.4 million tonne per annum (MTPA) rebar mill at Sohar, Oman. The mill, the largest in Gulf and African region, along with the existing 2 MTPA SMS makes JSPL’s Jindal Shadeed the largest integrated steelmaker in …

Jun 30, 2020 · Jindal Steel & Power (Mauritius), or JSPML, a subsidiary of Naveen Jindal-led Jindal Steel and Power (JSPL) said on Tuesday that it has accepted a binding offer from Templar Investments to divest its entire stake in its Oman asset, …

Dec 4, 2023 · In a significant development, Vulcan Steel, an investment entity affiliated with Naveen Jindal, the key promoter of India's Jindal Steel and Power Limited (JSPL), recently conducted a groundbreaking ceremony for a groundbreaking 5 million metric tons per year green steel mill in Oman.

Nov 28, 2023 · Vulcan Steel, an investment company of Naveen Jindal, the principal promoter of India ’s Jindal Steel and Power Limited (JSPL), has held a groundbreaking ceremony for a 5 million mt per year green steel mill in Oman, company officials said on Tuesday, November 28.