JSW Energy Limited has announced that its resolution plan for Raigarh Champa Rail Infrastructure Private Limited (RCRIPL) has been approved by the Committee of Creditors, marking a key step in the insolvency process under the IBC framework.
The company confirmed receiving a Letter of Intent on November 19, 2025, following CoC approval of its resolution plan for RCRIPL. This entity provides rail infrastructure for coal transport to KSK Mahanadi Power Company Limited, where JSW Energy became the holding company earlier in March 2025. RCRIPL remains under corporate insolvency proceedings and the plan now awaits further clearance.
RCRIPL exclusively manages the rail connectivity for KMPCL, which operates a 1,800 MW plant and has another 1,800 MW under construction in Chhattisgarh. JSW Energy’s indirect ownership and operational linkages place strategic importance on the resolution of RCRIPL’s insolvency process to maintain consistent coal logistics.
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The completion of the transaction hinges on the approval of the National Company Law Tribunal. The company stated that this approval is necessary before the resolution plan can be fully implemented. Further updates will be provided upon regulatory progress.
In March 2025, JSW Energy completed the acquisition of KMPCL, becoming its holding company. This acquisition expanded JSW Energy’s thermal portfolio and established its indirect stake in RCRIPL, making the current resolution plan a continuation of its integration process.
As of November 21, 2025, at 10:28 AM, JSW Energy share price was trading ₹491.25 down by 2.69% from the previous closing price.
The approval of JSW Energy’s resolution plan by the CoC marks progress in resolving RCRIPL’s insolvency proceedings. The outcome now depends on the NCLT’s decision, which will determine the next stage of the transaction.
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Published on: Nov 21, 2025, 1:44 PM IST
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