JSW Infrastructure: Completes NCR Rail Insolvency Acquisition

• JSW Infrastructure Limited acquired NCR Rail Infrastructure Limited through a corporate insolvency resolution process.
• The acquisition, completed on September 10, 2026, was facilitated by JSW Infrastructure's subsidiary, Khurja Rail Terminal Private Limited.
• The acquired asset is a Private Freight Terminal in Khurja, Uttar Pradesh, featuring six rail lines, two warehouses, and a 130-acre land bank.
• Saraf and Partners provided comprehensive legal counsel to JSW Infrastructure, led by Partner Vivek Pareek.
• The terminal's strategic location near major freight corridors and airports enhances its logistical importance for the region.

JSW Infrastructure Limited has successfully completed the acquisition of NCR Rail Infrastructure Limited, a significant development within India's corporate insolvency and infrastructure landscape.

JSW Infrastructure Limited has successfully completed the acquisition of NCR Rail Infrastructure Limited, a significant development within India's corporate insolvency and infrastructure landscape. This strategic move, finalized on September 10, 2026, saw JSW Infrastructure secure the asset through its step-down wholly-owned subsidiary, Khurja Rail Terminal Private Limited. The transaction was executed as part of a corporate insolvency resolution process, highlighting the growing trend of asset transfers and restructuring within the nation's vital logistics sector.

This JSW Infrastructure NCR Rail insolvency acquisition underscores the company's expansion efforts and its commitment to strengthening its presence in key logistical hubs. The resolution plan, which facilitated this transfer, represents a crucial mechanism for distressed asset revitalization, ensuring continued operation and investment in critical infrastructure. The successful implementation of such plans is vital for maintaining economic momentum and leveraging existing assets for future growth.

The acquired entity, NCR Rail Infrastructure, owns and operates a Private Freight Terminal (PFT) located in Khurja, Uttar Pradesh. This facility is recognized as an important logistics asset, strategically positioned to serve the broader region. The Khurja Private Freight Terminal acquisition brings into JSW Infrastructure's portfolio a robust operational hub, critical for efficient freight movement.

The terminal boasts six active rail lines, providing substantial capacity for cargo handling. Furthermore, it includes two fully constructed and operational warehouses, covering approximately 0.2 million square feet, offering significant storage capabilities. The facility also encompasses a substantial land bank of about 130 acres, allowing for potential future expansion. Its geographical advantage is notable, situated approximately 90 kilometers from New Delhi and just 40 kilometers from the upcoming Jewar Airport, enhancing its multimodal connectivity. The PFT's location is further bolstered by its proximity to the Eastern Dedicated Freight Corridor and its position at the entry point of the Western Dedicated Freight Corridor, making it a pivotal node in India's national logistics network.

The complex legal aspects of this NCR Rail Infrastructure resolution plan were expertly navigated by Saraf and Partners, who served as legal counsel to JSW Infrastructure. The firm provided comprehensive, end-to-end support throughout the entire process, from the initial submission of the resolution plan to its successful implementation and the ultimate completion of the transaction. This involved meticulous legal due diligence, strategic structuring, and finalization of the resolution plan, followed by crucial assistance during the implementation phase.

The Saraf and Partners JSW Infrastructure engagement was spearheaded by Partner Vivek Pareek, demonstrating the firm's leadership in intricate corporate insolvency matters. He was ably supported by Partner Aroop Das and Associate Kevin Davis, whose contributions were integral to the successful outcome. This Vivek Pareek Saraf Partners deal highlights the specialized legal expertise required to manage and execute large-scale acquisitions within India's evolving corporate insolvency framework, ensuring compliance and strategic advantage for clients.

Source: Reporting from Bar & Ben.