The Committee of Creditors (CoC) of NCR Rail Infrastructure has officially approved JSW Infrastructure’s resolution plan, marking a major step forward in the revival of the Khurja Private Freight Terminal (PFT) under India’s Insolvency and Bankruptcy Code (IBC).
Located approximately 90 km from New Delhi and 40 km from the upcoming Jewar Airport, the Khurja terminal comprises six operational rail lines, two covered warehouses spanning 0.2 million sq ft, and a sprawling 130-acre land bank. With the CoC’s nod on 10 July and a formal Letter of Intent (LoI) issued the same day, JSW Infra is now positioned to finalize the acquisition, pending approvals from NCLT and other regulators .
This acquisition aligns with JSW Infra’s strategy to expand its logistics portfolio through inorganic growth in the rail-infra sector, complementing its existing port and terminal operations . The stock market responded positively, with shares climbing ~1% following the announcement .
Why it matters:
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Strategic location: Proximity to Delhi and Jewar Airport enhances cargo scalability and regional connectivity.
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Asset scale: The project brings substantial rail infrastructure and development land into JSW’s fold.
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Logistics diversification: Expands JSW Infra’s capabilities beyond ports into rail freight.
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Regulatory next steps: NCLT approval and formal deal closure remain critical milestones.
