JSW Infrastructure has successfully completed the acquisition of NCR Rail Infrastructure through its wholly owned step-down subsidiary, Khurja Rail Terminal, with the transaction becoming effective 10 September 2026. The acquisition consideration totals ₹467.47 crore, with an additional ₹41.94 crore paid for approximately 39.57 acres from Arshiya under the resolution plan. As reported by Business Standard, the acquisition was executed under an approved resolution plan submitted in July 2025 under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016, which was approved by the Committee of Creditors and received a letter of intent from the resolution professional.
The acquired entity operates a six-line private freight terminal at Khurja, Uttar Pradesh, strategically located 90 km from New Delhi and 40 km from the upcoming Jewar Airport. The facility features two covered fully constructed and operational warehouses with an area of 0.2 million square feet and owns a land bank of 130 acres. NCR Rail Infrastructure recorded revenue of ₹11.19 crore and a net loss of ₹25.96 crore in FY 2026, as reported by Business Standard.
The acquisition has resulted in significant changes to the subsidiary structure. As reported by Business Standard, AMD Business Support Services, which was previously a wholly owned subsidiary of NCR Rail, has also become a step-down wholly owned subsidiary of JSW Infrastructure with effect from 10 September 2026. This restructuring reflects the complete integration of NCR Rail's subsidiary operations into JSW Infrastructure's corporate structure.
The acquisition represents a significant expansion of JSW Infrastructure's rail infrastructure portfolio and logistics business integration. According to Business Standard, this transaction positions the company to leverage NCR Rail's operational capabilities while maintaining existing business relationships. JSW Infrastructure, part of the JSW Group and India's second largest commercial port operator by cargo handling capacity, reported a 9.89% decline in consolidated net profit to ₹346.63 crore despite an 18.06% increase in revenue to ₹1,444.83 crore in Q1 FY27 compared with Q1 FY26. The company's stock shed 0.64% to trade at ₹340.35 on the BSE following the acquisition announcement.
