The inauguration ceremony was attended by esteemed persons, including representatives from the Jindal Group and Sohar Steel.
Muscat: Sohar Steel celebrated a momentous occasion on August 7, officially marking its revival under the ownership of Jindal Group and Vulcan Investments, an official press release says.
The inauguration ceremony was attended by esteemed persons, including representatives from the Jindal Group and Sohar Steel.
Harssha Shetty, Senior Official from the Jindal Group, said: “The successful acquisition of Sohar Steel represents an extraordinary stride forward for Jindal Group, cementing our position as a prominent leader in the steel industry. This strategic move aligns harmoniously with our steadfast dedication to Oman’s socio-economic growth, reflecting our resolve to progress Oman’s industrial landscape.”
The acquisition brings fresh hopes for the local community and a new lease of life for over 150 re-employed workers of Sohar Steel.
Hamed Al Farsi, HR and Admin GM of Sohar Steel emphasised the company’s commitment to nurturing and developing its employees.
He said: “We deeply empathise with the challenges faced by the individuals affected by the work stoppage and their subsequent joy upon learning about Vulcan International’s acquisition of Sohar Steel.
“ In response, we have taken the necessary steps to nurture and develop our workforce by providing them with on-the-job training and assigning them to various departments within the company,” he added
The acquisition of Sohar Steel aligns with the Sultanate’s aspirations for a prosperous and diversified economy, a vision shared by the Jindal Group.
The Group’s unyielding dedication to empowering the local workforce is evident through its initiatives to enable the re-employed individuals to develop their skills, advance professionally, and experience social mobility.
The steel melting shop with a capacity of 700 thousand tons per annum, was re-commissioned after a three-year hiatus.More than 150 locals have been re-employed to operate the plant.
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