JSW Infrastructure (JSW Infra), led by Sajjan Jindal, has secured approval from the Committee of Creditors (CoC) for its resolution plan to acquire NCR Rail Infrastructure under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC), 2016. The company has received a letter of intent (LoI) from the resolution professional.

NCR Rail Infrastructure, formerly known as Arshiya Rail Infrastructure, operates a private freight terminal (PFT) in Khurja, Uttar Pradesh, with six rail lines and two fully constructed warehouses spanning 0.2 million sq. ft. The terminal is located about 90 km from New Delhi and 40 km from Jewar Airport, enhancing its strategic logistics value. It also holds a land bank of 130 acres, which would complement JSW Infra’s existing 100+ acres of undeveloped land.

The resolution plan is subject to final approvals from the National Company Law Tribunal (NCLT) and other authorities. NCR Rail’s insolvency proceedings began in March 2024 after Edelweiss ARC filed a claim for a Rs 71 crore default. The process attracted 25 expressions of interest, including one from Ambuja Cements.