Billionaire Sajjan Jindal’s JSW Energy Ltd on Thursday (November 20) said the Committee of Creditors has approved its resolution plan for Raigarh Champa Rail Infrastructure Private Ltd (RCRIPL), which is undergoing corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016.
The company received a Letter of Intent from the Resolution Professional on November 19, 2025. This follows JSW Energy’s earlier update on March 6, 2025, where it announced the successful implementation and acquisition of KSK Mahanadi Power Company Ltd (KMPCL).
With that acquisition, JSW Energy became the holding company of KSK Mahanadi Power Company Ltd and gained significant indirect ownership in Raigarh Champa Rail Infrastructure Private…