Vulcan Steel in talks to raise $2.5 billion for Oman project.

Vulcan Steel, a privately held company of industrialist Naveen Jindal, is in talks with export credit agencies (ECAs) of multiple countries to close $2.5 billion in funding for its upcoming green steel plant in Oman, two people aware of the discussions told ET.
The plant will be built using funds exclusively from non-bank sources, said the people cited above. In all, the company plans to invest more than $3 billion in the Duqm-based project, a senior executive from the group said in an interview earlier.
ET