JSW Infrastructure Limited has informed the Exchange regarding 'Approval of the Company s Resolution Plan for NCR Rail Infrastructure Limited by the Committee of Creditors'.
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Awaiting price reaction for this filing.
JSW Infrastructure has received approval from the Committee of Creditors for its Resolution Plan to acquire NCR Rail Infrastructure Limited under the Insolvency and Bankruptcy Code (IBC) process. The company also received a Letter of Intent from the Resolution Professional on July 10, 2025. NCR Rail operates a Private Freight Terminal in Khurja, Uttar Pradesh, with six rail lines, two operational warehouses of about 0.2 million sq ft, and a land bank of around 130 acres. The facility is strategically located about 90 km from New Delhi and 40 km from the upcoming Jewar Airport. The acquisition is still subject to NCLT and other regulatory approvals before it can be implemented.
If completed, this acquisition would expand JSW Infrastructure's footprint into rail-linked logistics and warehousing, adding a strategic freight terminal near Delhi and the Jewar Airport, which could strengthen its multimodal logistics business. Short-term impact may be limited as NCLT approval is still pending.