TOGETHER FOR A GREEN FUTURE: JINDAL GROUP AND OMAN COOPERATE FOR A SUSTAINABLE STEEL INDUSTRY
An industrial powerhouse with a global presence in steel, Jindal Group is a leading player in the Global Steel sector. It is bolstering its commitment to the Sultanate of Oman by undertaking several strategic investments aimed at fostering socio-economic growth and supporting the nation’s transition to a green, circular economy.
Working in tandem with His Oman’s Vision 2040 plan to reduce the country’s dependency on the oil and gas sector while diversifying into non-oil-based manufacturing, the group is flying the flag high. These investments under the Vulcan International Holding Company include Jindal Shadeed Iron and Steel and Sohar Steel in Sohar and Vulcan Green Steel in Duqm.
In addition, the group is actively involved in other ventures in the Sultanate’s steel industry through executing a backward integration strategy. Notably, the company is developing the Sohar 6 million TPA Pelletising Plant, and Submerged Arc Furnace plant producing 48,000 MT Ferro alloys further integrates JSIS value chain.
The group is also investing in a pilot Carbon Capture Plant at the Jindal Shadeed Iron and Steel facility in Sohar. JSIS is also working with the right partners to invest in renewable energy capacity to further decarbonise our production facilities.
With these strategic investments, Vulcan Investments and the Jindal Steel Group is poised to strengthen Oman’s steel industry, drive economic growth, and contribute to the nation’s sustainability goals. The company remains committed to its partnership with the Sultanate and its vision for a prosperous and environmentally conscious future.
Senior Official, Jindal Steel Group
“We are committed to Oman’s 2040 vision and we are working towards aligning a comprehensive ICV agenda with national priorities, apart from the ongoing investments in assets and technology. Steel builds homes, bridges, nations and lives. We are executing our unique ‘mine to metal’ philosophy in all our operations which aims at complete integration of the steel value chain to maximise our ICV contribution and local employment in the Sultanate. We are blessed to have a very visionary and progressive government who are supportive to such initiatives. The core of our operations and Future projects is our unflinching commitment to safety, environment, Quality and social sustainability.”