Adani Ports To Acquire Jaypee Fertilizers For Rs 1,500 Crore To Expand Logistics Network
DSIJ Intelligence / 21 May 2026 / Categories: Mindshare, Trending
Adani Ports will gain indirect control of 243 acres of land in Kanpur through the acquisition as the company plans to strengthen its inland logistics and warehousing presence across North India
On Thursday, the Indian equity benchmarks traded lower, with the benchmark Nifty 50 index declining 0.10 per cent to 23,636.45 during the session. Ports, Logistics and infrastructure-related stocks remained in focus amid strategic acquisition announcements. In this segment, shares of Adani-ports-and-special-economic-zone-ltd-132921">Adani Ports and Special Economic Zone (APSEZ) gained 0.98 per cent to Rs 1,790 after the company announced acquisition of Jaypee Fertilizers & Industries Ltd (JFIL) for Rs 1,500 crore under the NCLT-approved resolution plan for Jaiprakash Associates Ltd.
Adani Ports To Acquire Jaypee Fertilizers & Industries
Adani Ports entered into a Share Purchase Agreement with Jaiprakash Associates Ltd to acquire 100 per cent shareholding of Jaypee Fertilizers & Industries Ltd for Rs 1,500 crore in cash.
The transaction forms part of the implementation of the National Company Law Tribunal-approved resolution plan for Jaiprakash Associates.
Following the acquisition, APSEZ will gain indirect control over Kanpur Fertilizers and Chemicals Ltd (KFCL), which owns around 243 acres of industrial and commercial land in Kanpur.
The company stated that the land is strategically suited for development of logistics parks and warehousing facilities aligned with its expanding logistics business.
Strategic Expansion Plans
APSEZ stated that the acquisition is aimed at strengthening its inland logistics network and improving service capabilities across North India.
The company plans to expand its Multi-Modal Logistics Park (MMLP) network from 12 locations to 16 locations and increase warehousing capacity by nearly four times by 2031.
The transaction follows APSEZ’s earlier communication dated March 19, 2026 regarding its in-principle interest in participating as one of the implementing entities under the approved resolution plan submitted by Adani Enterprises Ltd.
The Competition Commission of India approved the transaction on August 26, 2025, while the National Company Law Tribunal, Allahabad Bench, approved the resolution plan on March 17, 2026. The order was subsequently upheld by the National Company Law Appellate Tribunal on May 4, 2026.
The acquisition is expected to be completed within 90 days from March 17, 2026 under the approved resolution framework.
About Jaypee Fertilizers & Industries
Jaypee Fertilizers & Industries Ltd operates in the fertilizer and chemicals segment and is engaged in manufacturing, processing, importing and exporting fertilizers and chemicals directly or through investments in related businesses.
JFIL is the holding company of Kanpur Fertilizers and Chemicals Ltd and also has a wholly owned subsidiary, Jaypee Uttar Bharat Vikas Private Ltd.
About Adani Ports
Adani Ports and Special Economic Zone Ltd is India’s largest integrated transport utility with a network of domestic and international ports, logistics parks, warehousing facilities, rail assets and trucking operations.
During FY25, the company reported consolidated revenue of Rs 31,079 crore, EBITDA of Rs 19,025 crore and profit after Tax of Rs 11,061 crore while handling 450 MMT cargo across its network.
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Disclaimer: This article is for informational purposes only and not investment advice.