26 Nov 2025
Trilegal has advised the JSW Group on its strategic partnership with Minerals Development Oman SAOC (MDO), the Sultanate of Oman’s state-owned mine developer and operator. This collaboration will enable the development and operation of a 27 MTPA greenfield port facility and gypsum and limestone mining operations in Oman, marking a significant step in the JSW Group’s global expansion strategy.
Trilegal was involved in structuring the overall deal and in drafting, reviewing and negotiating the following documents:
(a) Share Subscription and Purchase Agreement: The share subscription and purchase agreement pursuant to which JSW Infrastructure Limited (JSWIL), through its wholly owned step-down subsidiary, JSW Overseas FZE, will acquire 51% of the total equity share capital of South Minerals Port Company SAOC, a closed joint stock company incorporated in Oman by MDO (the Port SPV);
(b) Share Subscription Agreement: The share subscription agreement pursuant to which JSW International Tradecorp Pte. Ltd., through its wholly owned subsidiary, JSW Mining Singapore Pte. Ltd., will acquire 49% of the total equity share capital of South Minerals Company SAOC, a closed joint stock company incorporated in Oman by MDO (the Mine SPV);
(c) Shareholders’ agreements for the governance and management of the Port SPV and the Mine SPV;
(d) Framework offtake agreement pursuant to which JSW Mining Singapore Pte. Ltd. will offtake 12 MTPA of mined products; and
(e) Port services agreement pursuant to which the Port SPV will provide various services to the Mine SPV, such as cargo handling and storage and loading facilities at the port.
The JSW Group’s collaboration with MDO marks a major milestone in the expansion of JSWIL’s global footprint. The Port SPV has been established to spearhead the development and operation of a greenfield port facility that will support the minerals project in the Dhofar Governorate of Oman, which contains significant deposits of gypsum and limestone. The project capex of the port facility is USD 419 million.
Commercial operations of the port are expected to commence in the first half of 2029.
The Trilegal Corporate Team advising on the matter was led by Partners: Deep Choudhuri and Prarthna Baranwal; and supported by Senior Associate: Shebani Bhargava.
The Trilegal Projects Team advising on the matter was led by Partner: Gautam Chabra; and supported by Counsels: Kaneeka Mehta and Amlan Guha; and Associates: Manasvi Sharma and Kunal Sharma.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With 150 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,200 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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