Adani Ports to Acquire Jaypee Fertilizers & Industries for ₹1,500 Crore

Ahmedabad, May 21, 2026: Adani Ports and Special Economic Zone Limited (APSEZ) has announced the acquisition of 100% shareholding in Jaypee Fertilizers & Industries Limited (JFIL) from Jaiprakash Associates Limited (JAL) as part of the NCLT-approved resolution plan submitted by Adani Enterprises Limited.

The company disclosed the development in a regulatory filing submitted to the BSE Limited and the National Stock Exchange of India Limited on May 21, 2026.

Strategic Acquisition to Boost Logistics Infrastructure

The acquisition is strategically significant for APSEZ as JFIL is the holding company of Kanpur Fertilizers and Chemicals Limited (KFCL), which owns approximately 243 acres of industrial and commercial land in Kanpur, Uttar Pradesh.

According to the company, the land parcel is ideally suited for the development of a world-class logistics park and warehousing facilities aligned with APSEZ’s logistics business expansion plans.

The acquisition is expected to strengthen the company’s inland logistics presence and service capabilities across North India.

APSEZ Expansion Plans

Adani Ports and Special Economic Zone Limited stated that the transaction aligns with its long-term ambition to:

• Expand its Multi-Modal Logistics Park (MMLP) network from 12 to 16

• Increase warehousing capacity by nearly four times by 2031

The acquisition consideration is valued at ₹1,500 crore and will be completed entirely through cash payment.

Regulatory and NCLT Approvals

The company confirmed that approval from the Competition Commission of India (CCI) was received on August 26, 2025.

The resolution plan for JAL was approved by the National Company Law Tribunal on March 17, 2026, and later upheld by the National Company Law Appellate Tribunal on May 4, 2026.

The transaction is expected to be completed within 90 days from the NCLT approval date under the “Effective Date” provisions of the approved resolution plan.

About Jaypee Fertilizers & Industries Limited

Jaypee Fertilizers & Industries Limited operates in the fertilizers and chemicals business and also invests in companies with similar business objectives.

The company has:

• A wholly owned subsidiary, Jaypee Uttar Bharat Vikas Private Limited

• A step-down subsidiary, Kanpur Fertilizers and Chemicals Limited

JFIL Standalone Turnover

JFIL was incorporated on June 3, 2010, and operates in India.

Industry Impact

The acquisition highlights the growing focus of major infrastructure companies on integrated logistics and warehousing ecosystems in India. Analysts believe APSEZ’s expansion into inland logistics hubs will complement its dominant port operations and strengthen multimodal supply chain connectivity across the country.