JSW Infra Acquires NCR Rail Infrastructure for ₹467.47 Crore
JSW Infrastructure acquired NCR Rail Infrastructure for ₹467.47 Crore and AMD Business Support Services for ₹1,00,000, effective September 10, 2026. NCR Rail operates a logistics facility in Uttar Pradesh. The acquisition was implemented via a resolution plan under the IBC.
The acquisition involves a significant financial outlay and expands the company's asset base and operational capabilities in the logistics sector, which could have a medium-term impact on its market position and revenue.
The acquisition is a strategic move to expand the company's logistics business and integrate its operations, which is a positive development for growth.
JSW Infrastructure Limited has successfully completed the acquisition of NCR Rail Infrastructure Limited ("NCR Rail") effective September 10, 2026. This acquisition was carried out through its step-down wholly owned subsidiary, Khurja Rail Terminal Private Limited, as part of the Approved Resolution Plan under the Insolvency and Bankruptcy Code, 2016.
NCR Rail operates a Private Freight Terminal in Khurja, Uttar Pradesh, strategically located approximately 90 km from New Delhi and 40 km from the upcoming Jewar Airport. The facility includes two operational warehouses spanning approximately 0.2 million square feet and a land bank of about 130 acres. The acquisition cost for NCR Rail was ₹467.47 Crore. Additionally, JSW Infrastructure paid ₹41.94 Crore towards the purchase of approximately 39.57 acres of land from Arshiya Limited, as stipulated in the resolution plan.
Consequently, AMD Business Support Services Private Limited (“AMD”), which was a wholly owned subsidiary of NCR Rail, has also become a step-down wholly owned subsidiary of JSW Infrastructure. The cost of acquisition for AMD was ₹1,00,000.
NCR Rail's financial performance in FY26 showed a revenue of ₹11.19 Crore and a Profit After Tax (PAT) of (₹25.96) Crore. Its net worth stood at (₹2,168.69) Crore as of FY26. The company's primary business is in logistics, offering cargo and warehousing services.
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JSW Infrastructure Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by JSW Infrastructure Limited. Read the original for the full detail.