According to Steel Radar, Jindal Steel Oman has announced a comprehensive growth strategy to enhance its role in Oman’s non-oil economy by increasing its production capacity in the Sultanate to 10 million tonnes per annum (tpa).
According to the company’s top management, the Group currently contributes around 1.6% to Oman’s GDP and is set to make a substantial impact in the non-oil sector, which contributes around 17% to the country’s economy.
CEO Harssha Shetty said, “By 2035, at least 25% of the steel produced in Oman will be used for domestic consumption. The development of an Omani workforce, primary steel production, and downstream investments will form the backbone of the company’s sustainability strategy.”
As a vertical integration move, the company is also planning to set up a pelletizing plant with a capacity of 6 million tpa to optimize the supply chain. On a separate note, the low-carbon steel project currently under development at the Duqm Special Economic Zone is expected to have a total capacity of 5 million tpa after the completion of its two phases.
The green steel plant in Duqm is expected to start commercial production in the first quarter of 2027, with the long-lead equipment orders already finalized. This project is a testament to the company’s dedication to environmentally sustainable production and the global decarbonization movement.
Citing the growing demand for low-carbon steel in the automotive, appliance, machinery, and wind energy industries, the company stated that the changing regulatory landscape, including the Carbon Border Adjustment Mechanism (CBAM), which comes into effect on January 1, 2026, is also fueling the need for sustainable steel production.
Upon completion, the 10 million tpa capacity target is expected to position Oman’s steel sector as a key pillar of non-oil economic growth, while creating new investment opportunities across the steel supply chain and value-added industries.
(IRuniverse Rohini Basunde)
