Jindal Steel Oman has announced a comprehensive growth plan to raise its production capacity in Oman to 10 million tonnes per annum. According to the company’s senior management, the Group currently contributing around 1.6% to Oman’s GDP aims to significantly expand its impact within the non-oil sector, which accounts for approximately 17% of the country’s economy.
CEO Harssha Shetty stated that the company’s long-term strategy is aligned with the objectives of Oman Vision 2040, adding that by 2035 at least 25% of the steel produced is planned to be utilized in the domestic market. Shetty emphasized that primary steel production, downstream investments, and the development of an Omani workforce will form the cornerstone of sustainable growth. Through this expansion, the company aims to reinforce the country’s integrated steel industry and enhance the share of non-oil sectors in the economy.
As part of its vertical integration strategy, a 6 million tpa pelletizing plant is also included among the planned projects. Meanwhile, the low carbon steel project under development at the Duqm Special Economic Zone is expected to reach a total capacity of 5 million tpa upon completion of its two phases. The company announced that the green steel facility in Duqm is scheduled to begin operations in the first quarter of 2027, with long lead equipment orders already finalized.
Highlighting the rapidly growing global demand for low carbon steel across the automotive, appliance, machinery, and wind energy sectors, Shetty noted that the Carbon Border Adjustment Mechanism (CBAM), which entered into force on January 1, 2026, is further encouraging environmentally sustainable production. Jindal Steel Oman’s 10 million tpa capacity target is expected to position the steel sector as a key pillar of Oman’s non oil growth strategy, while creating new investment opportunities across the steel supply chain and value added industries.
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