India's JSW Infra hits 3-month high on NCR Rail resolution plan approval

** Shares of JSW Infrastructure JSWINFRA rise as much as 3.51% to 323.35 rupees, a three-month high

** Gains come after the committee of creditors approved the port infrastructure firm's resolution plan for NCR Rail Infrastructure under the insolvency process

** Company received letter of intent from resolution professional after market hours on Thursday

** NCR Rail owns a private freight terminal in Khurja, Uttar Pradesh state, with six rail lines and a 130-acre land bank

** JSW's trading volume hits 4.06 million shares as of 2:25 p.m. IST, 1.7x the 30-day average, per LSEG data

** Stock is down 1.8% year-to-date, compared to the Nifty 500's (.NIFTY500) 4.1% gain