jindal group will increase its investment in oman to 1b
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Jindal Group will increase its investment in Oman to $1b

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Jindal Group will increase its investment in Oman to $1b

Sohar - Arabstoday

Indian steel giant Jindal Group plans to increase its investment in Oman to $1 billion (Dh3.67 billion) over the next two years. Naveen Jindal, executive vice-chairman and managing director of the Jindal Steel and Power Ltd (JSPL), told reporters in Sohar last week that the company plans to broaden the scope of its operations in Oman into power generation and mining. He said that future investments would include $400 million spent on the two-phased expansion of its Sohar plant, Oman\'s first integrated iron and steel manufacturing facility, which was recently acquired from Abu Dhabi-based Shadeed at a cost of $464 million. Expansion phase Jindal announced that a steel melting shop with a capacity to produce two million tonnes of steel per annum will be commissioned by May 2013. \"The third phase will include setting up of a seven million tonne capacity pelletisation plant,\" Jindal said, adding that the plan would depend on the availability of raw material and natural gas. \"The [Oman] government has not given any assurance for gas for the third phase,\" he said in reply to a question. The head of the Indian steel giant was quick to add that the pelletisation project was at an early stage. \"It is in the planning stage, but we will keep all the plans ready. The pelletising plant would depend on the availability of iron ore and whether we can get adequate gas,\" he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jindal group will increase its investment in oman to 1b jindal group will increase its investment in oman to 1b

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

jindal group will increase its investment in oman to 1b jindal group will increase its investment in oman to 1b

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 20:35 2014 Monday ,08 December

CFP crucial for refining industry in Kuwait

GMT 13:25 2011 Tuesday ,13 December

Latest Call Of Duty Breaks $1bn Sales Record

GMT 06:47 2017 Sunday ,12 February

Fresh whale stranding on notorious New Zealand beach

GMT 10:48 2017 Sunday ,19 November

Industry minister receives Turkish ambassador

GMT 12:35 2015 Saturday ,06 June

Bindi Irwin is all grown up in new Instagram photo

GMT 14:08 2012 Tuesday ,28 August

600 Afghan soldiers killed over last 2 months

GMT 05:27 2011 Wednesday ,21 September

Facebook revenue estimated at $4.27 billion

GMT 20:06 2017 Wednesday ,22 February

Senior Yemeni general killed in Houthi missile attack

GMT 23:18 2016 Sunday ,12 June

Daesh kills 18 civilians trying

GMT 00:47 2017 Tuesday ,10 January

6 policemen killed, 9 injured in Arish attack
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice