JSW Infrastructure completes acquisition of NCR Rail Infrastructure Limited at ₹467 crore

New Delhi, India (Rail & Metro Today): JSW Infrastructure Limited has completed the acquisition of NCR Rail Infrastructure Limited (NCR Rail) for approximately ₹467.47 crore, marking a strategic expansion of the company’s presence in India’s inland logistics and rail freight infrastructure sector.

The acquisition is expected to strengthen JSW Infrastructure’s logistics capabilities in Northern India, particularly around Khurja in Uttar Pradesh, by adding a private freight terminal, warehouse facilities and a substantial land bank to its existing logistics portfolio.

The transaction is part of JSW Infrastructure’s broader strategy of expanding beyond its traditional port-centric operations and developing an integrated logistics platform covering ports, rail transportation, warehousing and hinterland freight movement.

Six-Line Freight Terminal at Khurja

A key asset acquired through NCR Rail Infrastructure is a six-line private freight terminal at Khurja, Uttar Pradesh. The terminal occupies a strategically important location, approximately 90 km from New Delhi and 40 km from the upcoming Jewar Airport.

Its location places the facility within an important emerging logistics and industrial belt of the National Capital Region. Khurja is also positioned along major railway and road connectivity routes, providing opportunities for efficient movement of cargo between ports, industrial centres and consumption markets across northern India.

The acquired facilities include two operational covered warehouses with a combined area of around 0.2 million sq. ft. The company also has access to a significant land bank of approximately 130 acres, providing potential for future expansion of logistics, warehousing and freight-handling infrastructure.

Acquisition Strengthens Rail-Based Logistics

The addition of the Khurja terminal gives JSW Infrastructure an opportunity to deepen its presence in rail-linked inland logistics. Private freight terminals can play an important role in enabling cargo aggregation, storage and onward movement between railway networks and industrial or commercial destinations.

According to Mrs. Mamta Shah, MD & CEO, Urban Infra Group, the acquisition highlights the growing importance of integrated rail-based logistics infrastructure in India's rapidly expanding freight market.

“The acquisition of NCR Rail Infrastructure gives JSW Infrastructure an important strategic asset in the Khurja region, where rail connectivity, warehousing and proximity to major consumption and industrial centres can support the development of an integrated logistics ecosystem. India’s freight growth will increasingly depend on efficient first- and last-mile connectivity, and privately operated rail terminals can play an important role in shifting more cargo towards efficient rail-based transportation.”

The acquisition could therefore support JSW Infrastructure’s objective of developing a more integrated supply chain network, connecting maritime gateways with inland freight destinations through rail and other transportation modes.

Strategic Location Near Delhi and Jewar Airport

The Khurja terminal’s proximity to New Delhi and Jewar Airport is expected to enhance its long-term logistics potential.

The Noida International Airport at Jewar is emerging as a major aviation and logistics infrastructure project in the National Capital Region. As airport-linked industrial, warehousing and distribution activity develops around the region, demand for integrated transportation and storage facilities could increase.

Khurja’s location provides an opportunity to serve cargo moving between the NCR, western and northern Indian markets and major industrial clusters.

The availability of existing rail infrastructure and warehouse capacity also provides JSW Infrastructure with a platform that can potentially be expanded as cargo volumes increase.

₹467.47 Crore Transaction

The overall acquisition consideration for NCR Rail Infrastructure has been fixed at approximately ₹467.47 crore. The transaction also involved assets acquired under a resolution plan, including approximately 39.57 acres of land previously owned by Arshiya, for which an additional payment of around ₹41.94 crore was made.

NCR Rail Infrastructure reported revenue of approximately ₹11.19 crore in FY2026, while recording a net loss of around ₹25.96 crore during the year.

The acquisition is therefore focused more on the strategic value and future potential of the underlying rail, warehousing and land assets than on the acquired company's existing profitability.

JSW Infrastructure Expands Beyond Ports

JSW Infrastructure is part of the JSW Group and is among India's leading commercial port operators by cargo-handling capacity. Its operations have historically been strongly associated with ports and maritime logistics.

The NCR Rail acquisition supports the company's continuing transition towards an integrated logistics model, where port infrastructure is connected with rail terminals, warehousing and inland transportation networks.

This strategy can enable cargo to move more efficiently from ports to inland consumption and production centres, while providing customers with a wider range of logistics services through an integrated platform.

The company's financial performance also reflects continued business growth. During Q1 FY27, JSW Infrastructure reported revenue of approximately ₹1,444.83 crore, an increase of 18.06% compared with ₹1,223.68 crore in Q1 FY26. Net profit, however, declined by around 9.89% to ₹346.63 crore from ₹384.88 crore during the corresponding period.

Building an Integrated Hinterland Logistics Network

The acquisition of NCR Rail Infrastructure comes at a time when India's logistics sector is undergoing significant transformation. Dedicated Freight Corridors, multimodal logistics parks, private freight terminals and improved road connectivity are creating new opportunities for efficient movement of goods across the country.

Rail freight is particularly important in this transition because of its ability to move large volumes over long distances with comparatively lower road congestion and potentially lower logistics and environmental costs.

For JSW Infrastructure, the Khurja terminal can become an important link between its port network and the northern Indian hinterland. The combination of rail handling, warehousing and land availability provides scope for developing a broader logistics hub capable of supporting industrial and commercial cargo.

Digitalisation and Future Expansion

Following completion of the acquisition, JSW Infrastructure is expected to focus on bringing the acquired assets to their full operational potential. Digital monitoring systems, improved freight-handling capabilities and further development of the Khurja facility could enhance the efficiency of cargo operations.

The available land and existing infrastructure also provide flexibility for future expansion, depending on cargo demand and regional industrial growth.

The proximity to major markets, railway infrastructure and the emerging Jewar Airport makes Khurja an increasingly important location within the NCR's evolving logistics landscape.

A Strategic Move into Rail-Linked Logistics

The ₹467.47 crore acquisition of NCR Rail Infrastructure represents a significant step in JSW Infrastructure’s strategy to diversify into integrated hinterland logistics.

By adding a six-line private freight terminal, operational warehouses and substantial land resources at Khurja, the company gains a platform to expand rail-based cargo handling and connect inland markets with its wider logistics network.

As India's freight ecosystem becomes increasingly multimodal, the integration of ports, rail terminals, warehouses and road transportation will become critical to improving supply-chain efficiency. JSW Infrastructure’s expansion into Khurja reflects this broader shift and could position the company to capture growing demand for integrated logistics services across Northern India.