Adani Ports and Special Economic Zone Limited has informed the Exchange about Acquisition of Jaypee Fertilizers & Industries Limited.
ADANIPORTS · price
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Adani Ports has signed a Share Purchase Agreement to acquire 100% of Jaypee Fertilizers & Industries Limited (JFIL) for INR 1,500 crore in cash. JFIL is the holding company of Kanpur Fertilizers and Chemicals Limited (KFCL), which owns approximately 243 acres of industrial and commercial land in Kanpur. The acquisition is part of the NCLT-approved resolution plan for Jaiprakash Associates Limited and follows earlier in-principle interest expressed in March 2026. The company plans to develop a world-class logistics park and warehousing facilities on the acquired land, strengthening its inland logistics presence in North India. This aligns with Adani Ports' goal to expand its Multi-Modal Logistics Park network from 12 to 16 and increase warehousing capacity by about 4 times by 2031. Regulatory approvals from NCLT (March 2026) and CCI (August 2025) are already in place.
The acquisition is strategically positive as it provides significant land assets for logistics expansion without being a related party transaction. It supports the company's long-term growth targets in warehousing and inland logistics, potentially enhancing future revenue streams from North Indian operations.