Shares of JSW Infrastructure Ltd rose 1% to hit a day’s high of Rs 317.30 on 11th July, after the company announced that its resolution plan to acquire NCR Rail Infrastructure Limited under the Insolvency and Bankruptcy Code, 2016, had received approval from the Committee of Creditors (CoC).

JSW Infrastructure confirmed that it received the Letter of Intent (LoI) from the Resolution Professional on 10th July, 2025. This is for acquiring NCR Rail Infrastructure. NCR Rail owns a key Private Freight Terminal (PFT) in Khurja, Uttar Pradesh. It is about 90 km from Delhi and 40 km from the upcoming Jewar Airport.

The terminal comprises six rail lines and two fully functional warehouses spanning 0.2 million sq. ft. NCR Rail also owns approximately 130 acres of land. The deal still requires approval from NCLT and other authorities as per the LoI terms.

Separately, JSW Infrastructure has recently received a letter of award from the Syama Prasad Mookerjee Port Authority (Kolkata Port). The award is for redeveloping Berth 8 and mechanising Berths 7 and 8 at Netaji Subhas Dock.

The project is granted under a 30-year PPP model (DBFOT). It will boost container handling capacity. With a capex of Rs 740 crore and a two-year construction timeline, JSW will also be allowed to start operations during construction. They will use Kolkata’s cargo demand. Once completed, the project is expected to improve both capacity and efficiency at the port.

At 10:59 AM, the shares of JSW Infra were trading 0.83% higher at Rs 315 on NSE.

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