Jindal Shadeed Iron & Steel (JSIS), part of the $18 billion-Indian steel conglomerate O.P Jindal Group, inaugurated the newly expanded, state-of-the-art integrated steel complex at the Sohar Industrial Port on March 20, 2016. The inaugural event was held under the auspices of His Highness Sayyid Taimur bin Asad Al Said.
His Highness Sayyid Taimur bin Asad Al Said dedicated the Steel Complex to the Sultanate in the presence of Mr. Naveen Jindal, Chairman, Jindal Steel and Power Limited.Mr. Jindal in his speech thanked the government for their wholehearted support to JSIS.
The new complex will also play a pivotal role from being a supplier of Hot Briquetted Iron (HBI) to an integrated steel maker in the region. The integrated nature of the plant operations will also contribute to In-Country Value (ICV) as product of one unit would be fed to the subsequent one till reaching finished steel, adding value at each stage. And in the process, it will create substantial employment opportunities for the locals.
Speaking about this important milestone CEO of Jindal Shadeed,Mr. N.A. Ansari said “This is a big moment for all of us at Jindal Shadeed Iron & Steel. Despite a critical steel market, we have established ourselves as a formidable player in the region and have achieved several production milestones in 2015. The capacity of the plant has been selected on the basis of demand in GCC and the neighboring countries and, through this complex, Oman will help reduce the dependence of the GCC countries on imports from outside the region.