JSW Energy Completes Acquisition of Raigarh Champa Rail Infrastructure Private Limited
JSW Energy Ltd. announced the completion of its acquisition of Raigarh Champa Rail Infrastructure Private Limited (RCRIPL) through the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016.RCRIPL provides railway infrastructure services to JSW Mahanadi Power Company Limited (JMPCL), which owns a 3,600 MW thermal power plant in Chhattisgarh. The acquisition will enable operational control and efficiency in managing railway infrastructure services to the JMPCL Plant for its entire 3,600 MW capacity.
As part of the resolution plan, the consideration amount is ₹ 700.10 crores, through a combination of cash and the issuance of Non-Convertible Debentures by RCRIPL to the Financial Creditors. Consequently, RCRIPL has become a wholly-owned subsidiary of JSW Energy.
Details of the Acquisition
The following table summarizes key details regarding the acquisition:
| Particulars | Details |
|---|---|
| Name of Target Entity | Raigarh Champa Rail Infrastructure Private Limited (RCRIPL) |
| Brief Details of RCRIPL | Provides railway infrastructure services to JMPCL; Revenue from Operations in FY 2024-25 - Rs. 54 crores |
| Industry | Provides railway infrastructure services for thermal power plant |
| Acquisition Type | Done at arm's length |
| Acquisition Purpose | To secure uninterrupted railway infrastructure services for power generation at JMPCL |
| Completion Time | Acquisition completed |
| Consideration | Rs. 700.10 crores (Cash and Non-Convertible Debentures) |
| Shareholding Acquired | 100% of the total issued and paid-up equity share capital |
| RCRIPL’s Revenue | FY2023 - Rs. 101 crores; FY2024 - Rs. 53 crores; FY2025 - Rs. 54 crores |
JSW Energy currently has a total locked-in generation capacity of 32.1 GW. The company aims to reach 30 GW generation capacity and 40 GWh of energy storage capacity by 2030.
Media Release
A media release regarding the acquisition is available at [https://www.jswenergy.in/investors/...-corporategovernance-stock-exchange-releases).
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