JSW Infra completes NCR Rail acquisition via IBC resolution plan

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

JSWINFRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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₹342.40

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₹339.25

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AI summary

JSW Infrastructure has completed acquisition of NCR Rail Infrastructure Limited through its step-down subsidiary Khurja Rail Terminal, effective 10 September 2026. NCR Rail operates a Private Freight Terminal in Khurja, UP with six rail lines, two warehouses, and about 130 acres of land bank. Total cost is Rs 467.47 Crore plus Rs 41.94 Crore for 39.57 acres from Arshiya. NCR Rail becomes a wholly owned step-down subsidiary. The deal follows an NCLT-approved IBC resolution plan. NCR Rail had revenue of Rs 11.19 Cr in FY26 but was loss-making with deeply negative net worth.

Likely market impact

Expands JSW Infra logistics footprint with a strategic rail terminal in UP near Delhi and Jewar Airport. Positive for long-term growth.