The acquisition gives the company control of a private freight terminal in Khurja along with warehouses and a sizeable land bank.
JSW Infrastructure has completed the acquisition of NCR Rail Infrastructure, adding a private freight terminal in Khurja, Uttar Pradesh, to its logistics network. The transaction was completed on September 10, 2026, through Khurja Rail Terminal, a wholly owned step-down subsidiary the company established earlier this year.
The deal follows the insolvency resolution process for NCR Rail under the Insolvency and Bankruptcy Code. JSW Infrastructure’s resolution plan received approval from the Committee of Creditors in July 2025, following which the company received a letter of intent from the resolution professional.
Khurja Terminal adds rail and warehousing capacity.
NCR Rail operates a six-line private freight terminal at Khurja. The location is strategically positioned around 90 km from New Delhi and approximately 40 km from the upcoming Jewar Airport, placing the facility within an important industrial and logistics corridor.
The terminal also includes two operational covered warehouses spread across 0.2 million square feet. In addition, NCR Rail has a land bank covering around 130 acres, giving the acquired business further scope for future logistics-related development. However, the acquired company was not profitable in the latest financial year. NCR Rail recorded revenue of ₹11.19 crore and a net loss of ₹25.96 crore in FY26.
Financial details of the transaction.
The acquisition consideration stands at ₹467.47 crore. Separately, JSW Infrastructure paid ₹41.94 crore for approximately 39.57 acres acquired from Arshiya under the resolution plan.
The transaction therefore represents a significant investment in rail-linked logistics infrastructure at a time when connectivity between ports, industrial centres and consumption markets is becoming increasingly important for supply-chain operations. JSW Infrastructure has said that the acquisition is expected to support the integration and expansion of its logistics business. Rather than operating rail and port infrastructure as separate networks, the company is increasingly looking to connect different stages of cargo movement.
For JSW Infrastructure, the Khurja facility could potentially strengthen its ability to handle cargo closer to major industrial and consumption centres in North India. The NCR Rail transaction will now be watched from an execution perspective, particularly how the acquired freight terminal, warehouse infrastructure, and land assets integrate into JSW Infrastructure’s wider logistics operations.
