Adani Ports to Acquire Jaypee Fertilizers, Expanding Logistics Network
Adani Ports to acquire indirect control of Kanpur Fertilizers under Jaiprakash Associates resolution plan
Image: The Economic Times
Adani Ports and Special Economic Zone (APSEZ) will acquire 100% of Jaypee Fertilizers & Industries Ltd for ₹1,500 crore ($180 million USD) as part of a resolution plan approved by India's National Company Law Tribunal. This acquisition grants APSEZ indirect control over Kanpur Fertilizers and Chemicals Ltd, enhancing its logistics capabilities in North India.
- 01The acquisition will be completed in cash for ₹1,500 crore (approximately $180 million USD).
- 02Kanpur Fertilizers and Chemicals Ltd owns about 243 acres of land in Kanpur, Uttar Pradesh, India.
- 03The acquisition aims to strengthen APSEZ's inland logistics network and expand its multimodal logistics park from 12 to 16 by 2031.
- 04Approval from the Competition Commission of India was obtained in August 2025.
- 05Jaypee Fertilizers & Industries Ltd reported a standalone turnover of ₹25,000 crore (approximately $3 billion USD) in FY24.
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Adani Ports and Special Economic Zone (APSEZ) announced its decision to acquire 100% shareholding in Jaypee Fertilizers & Industries Ltd (JFIL) from Jaiprakash Associates Limited (JAL) for ₹1,500 crore (approximately $180 million USD). This acquisition is part of a resolution plan approved by the National Company Law Tribunal (NCLT) and will provide APSEZ with indirect control over Kanpur Fertilizers and Chemicals Ltd (KFCL), a step-down subsidiary of JFIL. The land owned by KFCL, which spans about 243 acres in Kanpur, Uttar Pradesh, is viewed as strategically significant for the development of a logistics park and warehousing hub. This move is expected to enhance APSEZ’s logistics operations in North India and support its goal of expanding its multimodal logistics park (MMLP) network from 12 to 16 by 2031. The acquisition is anticipated to be finalized within 90 days from the NCLT approval date of March 17, 2026, with prior approval from the Competition Commission of India secured in August 2025.
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The acquisition will enhance logistics infrastructure in North India, potentially creating jobs and improving supply chain efficiency in the region.
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