Acquisitions, partnerships to drive operational gains for JSW Infra

Acquisition of the group's rail business aligns with plans for a logistics build-out and lifts pressure off JSW Steel's total logistics expenses

JSW Infrastructure (JSWIL) is looking at a series of significant deals which will have a positive impact on its earnings. JSWIL will acquire JSW group companies JSW Rail, JSW Minerals Rail Logistics and JSW South Rail for an enterprise value of ₹1,210 crore, including equity of ₹670 crore (rest is existing debt and liabilities), funded through JSWIL’s current balance sheet without immediate equity dilution. 

 

This deal provides access to Indian Rail schemes such as general purpose wagon investment scheme or GPWIS and liberalised special freight train operator or LSFTO where the companies already possess licenses and clearances.

 

This at a