Jsw Infrastructure Limited · NSE:JSWINFRA
Jsw Infrastructure — Merger or Acquisition (December 2025)
19 slides from Jsw Infrastructure's merger presentation, Dec 8, 2025
Slide 1: Acquisition of Railway Rakes Business
Acquisition of Railway Rakes Business 8th December 2025 Acquisition of Railway Rakes Business - Dec 2025 1
Slide 2: Agenda
Agenda Company’s Overview Rail Rakes Business – Further Strengthening Presence in Logistics Business Transaction Details & Strategic Rationale Appendix Acquisition of Railway Rakes Business - Dec 2025 2
Slide 3: Company's Overview
Company’s Overview Acquisition of Railway Rakes Business - Dec 2025 3
Slide 4: JSW Infrastructure: Strategically Located Assets
JSW Infrastructure: Strategically Located Assets India Total Operational capacity International 177 mtpa1 Concession Signed/Awarded Liquid Storage Terminal Ports – 120 mtpa Fujairah Terminals – 17.8 mtpa 465,000 m3 (5 mtpa) UAE Murbe Port 33.0 Dharamtar Port 34.0 PNP Port2 8.0 West JNPA (Liquid Term
Slide 5: Presence in Logistics & Port Connectivity
Presence in Logistics & Port Connectivity Our footprints in Logistics & Port Connectivity Key Equipments Operational Under Construction 2814 602 Domestic standard containers Trailers for last mile delivery Navkar – Morbi Gujarat 171 6 ICD Rakes RTG Cranes Navkar – Ajivali Odisha CFS I & II Maharasht
Slide 6: Rail Rakes Business – Further Strengthening Presence in Logistics Business
Rail Rakes Business – Further Strengthening Presence in Logistics Business Acquisition of Railway Rakes Business - Dec 2025 6
Slide 7: 2030 Road Map for Logistics segment
2030 Road Map for Logistics segment Strategically located Logistics Assets Growth Strategy FY30 Targets 1. Greenfield ICDs Leverage JSW Group's diverse business Revenue (Crore) locations (Steel, Cement, Paints, etc.) to set up railway sidings and infrastructure for ₹ 8,000 storage, bagging/stuffing
Slide 8: Industry Overview - Rail Linked Logistics Business
Industry Overview - Rail Linked Logistics Business Indian Railways: Accelerating Rail Rakes under GPWIS & Freight Movement in India1 Initiatives to Increase Rail Share India’s Logistics Future LSFTO Schemes Particulars Count4 LSFTO GPWIS Others 8% ❖ 1.6 Billion tonnes freight Gati Shakti Multi Modal
Slide 9: Target Business Overview: Expanding into Attractive Rail Logistics Business
Target Business Overview: Expanding into Attractive Rail Logistics Business Railway Rakes (in no.) 45 JSW Rail Infra JSW Mineral Rail JSW (South) Rail JSRL Logistics (JRIL) Logistics (JMRL) Logistics (JSRL) JMRL 20 JRIL 25 Liberalized Special General Purpose Liberalized Special 17 Freight Train Oper
Slide 10: Transaction Details & Strategic Rationale
Transaction Details & Strategic Rationale Acquisition of Railway JSW Infrastructure Q1Rakes Business FY2025 Results- Presentation Dec 2025 10
Slide 11: Structure of the Transaction
Structure of the Transaction Transaction Structure Overview of Logistics Operations after Acquisition Seller JSW Buyer Infrastructure JSW Port JSW Shipping Share Purchase Agreement 100% Logistics & Logistics 100% JSW Port Logistics 100% equity JSW Rail Infra JSW Minerals JSW (South) 70.37% 100% 100%
Slide 12: Value Accretive Acquisition which Aligns with the Long Term Vision
Value Accretive Acquisition which Aligns with the Long Term Vision Strategic Access to Rail Rakes Transaction Details 1 Business Head start and Operational 2 Readiness Revenue/Cashflows Stability and 3 Long Term Agreement with Anchor Customer Synergy with Ports & Logistics ▪ FY28E EBITDA at around ₹
Slide 13: Strategic Rationale
Strategic Rationale Strategic Access to Rail Rakes Business 1 ❖ Indian Railways has implemented a moratorium on new GPWIS licenses until Feb 2027, creating a barrier for new entrants ❖ The acquisition provides exclusive access to GPWIS licensed entities, gaining a competitive edge Head Start and Ope
Slide 14: Key Information and Next Steps
Key Information and Next Steps Key Information Next steps & Estimated Timeline Legal Due Diligence Trilegal Shareholders Approval Q4 FY2026 Financial Due Diligence Pricewaterhouse Coopers (PwC) Railway Approval Q4 FY2026 Valuer Pricewaterhouse Coopers (PwC) Financial Integration Q1 FY2027 To Conclud
Slide 15: Appendix
Appendix Acquisition of Railway JSW Infrastructure Q1Rakes Business FY2025 Results- Presentation Dec 2025 15
Slide 16: Historical Financials of Target Entities
Historical Financials of Target Entities JSW Rail Infra Logistics Private Limited JSW Minerals Rail Logistics Private Limited Profit & Loss Statement (₹ Crore) Profit & Loss Statement (₹ Crore) Particulars FY24 FY25 H1FY26 Particulars FY24 FY25 H1FY26 Revenue from 0.6 96.5 64.5 Revenue from 0.0 31.1
Slide 17: Overview of License Regime - GPWIS and LSFTO
Overview of License Regime - GPWIS and LSFTO ➢ Both GPWIS and LSFTO schemes represent a significant shift in Indian Railways' approach to freight logistics-moving from a state-controlled model to a public-private partnership framework. These initiatives not only unlock investment opportunities but a
Slide 18: Wagon Types
Wagon Types BOBSNS BOGIE OPEN BOTTOM SIDE DISCHARGE WAGON : These wagons can be used for various bulk cargo which can be unloaded quickly by opening side doors. Cargo like coal and iron ore are transported in these wagons to reduce unloading time at the destination. GPWIS BOXHNL BOGIE OPEN SPECIAL A
Slide 19: Thank You
THANK YOU Investor Relations Contact ir.infra@jsw.in Acquisition of Railway Rakes Business - Dec 2025 19
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