JSW Infrastructure’s resolution plan for NCR Rail Infrastructure gets CoC nod

India’s second-largest private port operator, JSW Infrastructure Limited, on Thursday (July 10) said it has received approval from the Committee of Creditors (CoC) for its resolution plan to acquire NCR Rail Infrastructure Limited under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016.The company confirmed that it received the Letter of Intent (LoI) from the Resolution Professional on July 10, 2025. NCR Rail owns and operates a strategically located Private Freight Terminal (PFT) in Khurja, Uttar Pradesh, approximately 90 km from New Delhi and 40 km from the upcoming Jewar Airport.
The facility includes six rail lines and two fully constructed and operational warehouses spread over 0.2 million square feet. Additionally, NCR Rail holds a land bank of about 130 acres.
Also Read: JSW Infra looks to expand container cargo presence with Kolkata port bid
The implementation of the resolution plan remains subject to the terms of the LoI and requisite approvals from the National Company Law Tribunal (NCLT) and other relevant regulatory bodies or judicial authorities.Last week, JSW Infrastructure said it had received a letter of award from the Syama Prasad Mookerjee Port Authority (Kolkata Port) for the reconstruction of berth 8 and mechanisation of berths 7 and 8 at Netaji Subhas Dock, Kolkata.

The project, awarded on a design, build, finance, operate, and transfer (DBFOT) basis under the PPP model, is aimed at enhancing container handling capacity at the port. The project comes with a 30‐year concession period and aligns with JSW Infrastructure’s strategy to expand its terminal portfolio under the government’s port privatisation initiative.

Also Read: Here is why JSW Infra shares surged 9% on Friday

With an estimated capex of ₹740 crore and a construction timeline of two years, the company will also be able to commence operations during the construction phase, leveraging Kolkata’s cargo volumes. Post‐completion, the project is expected to significantly enhance both capacity and operational efficiency.

Shares of JSW Infrastructure Ltd ended at ₹312.20, down by ₹0.100, or 0.032%, on the BSE.