The Committee of Creditors has accepted JSW Energy's resolution plan for Raigarh Champa Rail.

On Thursday, November 20, billionaire Sajjan Jindal's JSW Energy Ltd announced that its resolution plan for Raigarh Champa Rail Infrastructure Private Ltd (RCRIPL), which is undergoing corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016, had been approved by the Committee of Creditors. On November 19, 2025, the Resolution Professional sent the corporation a Letter of Intent. This follows JSW Energy’s prior statement 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 earned considerable indirect ownership in Raigarh Champa Rail Infrastructure Private Ltd.