JSW Energy Wins Creditor Approval To Acquire RCR Infra

25 Nov 2025 CW Team

JSW Energy has secured creditor approval for its proposal to acquire Raigarh Champa Rail Infrastructure, a debt-laden company currently undergoing insolvency proceedings.

Earlier this year, in March, JSW Energy acquired KSK Mahanadi Power Company Ltd (KMPCL)—a 3,600 MW thermal power plant in Chhattisgarh—for Rs 160.84 billion through the insolvency process.

Following that acquisition, the company obtained significant indirect ownership in Raigarh Champa Rail Infrastructure Private Limited (RCRIPL), which provides the sole rail infrastructure for coal transportation to KMPCL.

In an exchange filing on Thursday, JSW Energy stated: “We wish to inform that the resolution plan submitted by the company for RCRIPL under the corporate insolvency resolution process has been approved by the Committee of Creditors.” The company added that it received a Letter of Intent from the Resolution Professional on Wednesday.

The closure of the transaction remains subject to approval from the National Company Law Tribunal.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..