JSW Energy has secured the approval of the committee of creditors (CoC) of Raigarh Champa Rail Infrastructure for its proposal to acquire the debt-laden entity currently under the insolvency process.

The company had acquired KSK Mahanadi Power Company (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, in March this year. After the KMPCL acquisition, JSW Energy held significant indirect ownership in Raigarh Champa Rail Infrastructure, which is the sole provider of rail infrastructure for coal transportation services to KMPCL.

It received a Letter of Intent from the Resolution Professional on November 19, 2025. The closure of the transaction will be subject to the receipt of approval from the National Company Law Tribunal.

JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.