JSW Infrastructure Moves into Railway Rakes Business with Rs 12.12-Bn Deal

10 Dec 2025 CW Team

The acquisition gives JSW Infrastructure immediate access to the Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS) and the Liberalized Special Freight Train Operator (LSFTO) schemes. It brings a ready fleet of 21 operational rakes as of November 30, 2025, with four more currently under delivery, and long-term licenses secured under both programs. The transaction is earnings accretive from day one and strengthens the company’s strategy of offering a full-spectrum logistics platform spanning ports, terminals, ICD/CFS operations and now dedicated rail connectivity. This follows its October 2024 acquisition of Navkar Corp, which marked its entry into the broader logistics space.

Industry projections from the Ministry of Railways indicate strong momentum for the sector. Freight volumes are expected to grow from 1.6 billion tonnes in FY2025 to 3 billion tonnes by FY2030, with the share of rail freight rising from 27% to 45% in the same period due to heightened emphasis on efficiency and sustainability. A moratorium imposed in 2023 on issuing new GPWIS licenses—extended until February 2027—provides incumbent operators with a meaningful advantage.

The rake operating model offers dual revenue streams through Railway rebates and market premiums from customers, ensuring steady annuity-like earnings backed by demand from steel, cement and other core industries.

News source: Business Standard

JSW Infrastructure has announced a major push into the railway logistics segment as it looks to build a more integrated multimodal transport platform. The company, through its wholly owned subsidiary JSW Port Logistics, has signed a Share Purchase Agreement with JSW Shipping & Logistics to acquire full equity in JSW Rail Infra Logistics (JRIL), JSW Minerals Rail Logistics (JMRL) and JSW (South) Rail Logistics (JSRL). The deal carries an enterprise value of Rs 12.12 billion, subject to working capital adjustments at closing.The acquisition gives JSW Infrastructure immediate access to the Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS) and the Liberalized Special Freight Train Operator (LSFTO) schemes. It brings a ready fleet of 21 operational rakes as of November 30, 2025, with four more currently under delivery, and long-term licenses secured under both programs. The transaction is earnings accretive from day one and strengthens the company’s strategy of offering a full-spectrum logistics platform spanning ports, terminals, ICD/CFS operations and now dedicated rail connectivity. This follows its October 2024 acquisition of Navkar Corp, which marked its entry into the broader logistics space.Industry projections from the Ministry of Railways indicate strong momentum for the sector. Freight volumes are expected to grow from 1.6 billion tonnes in FY2025 to 3 billion tonnes by FY2030, with the share of rail freight rising from 27% to 45% in the same period due to heightened emphasis on efficiency and sustainability. A moratorium imposed in 2023 on issuing new GPWIS licenses—extended until February 2027—provides incumbent operators with a meaningful advantage.The rake operating model offers dual revenue streams through Railway rebates and market premiums from customers, ensuring steady annuity-like earnings backed by demand from steel, cement and other core industries.News source: Business Standard

Infrastructure Transport

10 Dec 2025

Hejamadi Kodi Harbour Project Records 87% Progress in Karnataka

The Department of Fisheries has reported significant progress on the Hejamadi Kodi fishing harbour development in Udupi district, Karnataka. The project was granted administrative approval in August 2018 for the upgrade of the existing fish landing centre at a total cost of Rs 1.38 billion, with Rs 346.5 million sanctioned as financial assistance under the Sagarmala Scheme. The Department of Fisheries, Government of Karnataka, acting as the implementing agency, has indicated that physical progress stands at 87 per cent, with the project scheduled for completion by March 2026. The upgrade aims..

Infrastructure Transport

10 Dec 2025

India Expands Global Partnerships in Ports and Maritime Logistics

The Government has expanded international engagement across ports, shipping and maritime geo-logistics through collaborations with foreign governments, multilateral institutions and global maritime industry partners. The partnerships span port modernisation, shipping-infrastructure development, digitisation, green-shipping initiatives and maritime skill development. Recent engagements include the India–Russia cooperation on the Northern Sea Route and Eastern Maritime Corridor, training of Indian seafarers in polar waters, the Indo-Danish Centre of Excellence in Green Shipping and the India�..

Building Material

10 Dec 2025

NSL Posts Best-Ever November Output Across Key Steel Units

NMDC Steel (NSL), India’s youngest integrated steel plant, has reported its strongest November performance, marking record achievements across multiple operational units. The company highlighted sustained process stability, improved efficiency and rising capacity utilisation as key drivers of its milestone output. The Raw Material Handling System recorded its highest-ever daily wagon-tippling figure with 616 wagons handled on 21 November 2025, while Base Mix production for the month reached a peak of 5,18,886 tonnes. At the Sinter Plant, NSL set new day and monthly records with 15,590 tonne..