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• Adani Ports and Special Economic Zone will acquire a 100 per cent stake in Jaypee Fertilizers & Industries Limited from Jaiprakash Associates Limited for INR 1,500 crore under the approved insolvency resolution plan.
• The acquisition includes control of Kanpur Fertilizers and Chemicals Limited, which owns around 243 acres of industrial and commercial land in Kanpur.
• APSEZ plans to develop a logistics park and warehousing facilities on the Kanpur land parcel to strengthen its North India logistics operations.
• The deal supports the company’s target of expanding its Multi-Modal Logistics Park network from 12 to 16 locations and increasing warehousing capacity fourfold by 2031.
• The NCLT approved the resolution plan earlier this year, while the NCLAT upheld the order earlier this month.
Adani Ports and Special Economic Zone has announced the acquisition of a 100 per cent stake in Jaypee Fertilizers & Industries Limited from Jaiprakash Associates Limited for INR 1,500 crore as part of the insolvency resolution process approved for JAL. Advertisement
The transaction will give APSEZ access to around 243 acres of industrial and commercial land in Kanpur through Jaypee Fertilizers’ subsidiary, Kanpur Fertilizers and Chemicals Limited. The company plans to use the land for developing a logistics park and warehousing facilities to strengthen its inland logistics presence in North India.
In a regulatory filing issued this week, APSEZ said the acquisition is aligned with its long-term logistics expansion strategy. The company is aiming to increase its Multi-Modal Logistics Park (MMLP) network from 12 locations to 16 by 2031 while also expanding warehousing capacity by four times during the same period.
The company stated that it has signed a share purchase agreement with Jaiprakash Associates for acquiring the entire shareholding of Jaypee Fertilizers & Industries Limited. JFIL functions as the holding company of KFCL, which owns the Kanpur land parcels identified for logistics and warehousing development.
Kanpur has emerged as an important industrial and freight movement hub in North India due to its connectivity with major highways, rail networks and manufacturing centres across Uttar Pradesh and nearby states. Industry experts believe the location could support large-scale warehousing, cargo handling and distribution operations for multiple sectors.
The acquisition is expected to be completed within 90 days from March 17, 2026, which is the effective date mentioned under the approved resolution plan. The Competition Commission of India had already granted approval for the transaction in the past year.
The resolution plan for Jaiprakash Associates was approved by the National Company Law Tribunal’s Allahabad bench in Prayagraj earlier this year. The order was later upheld by the National Company Law Appellate Tribunal earlier this month, clearing the way for implementation of the transaction.
Jaypee Fertilizers & Industries is involved in investment and business activities linked to fertilisers and chemicals, including manufacturing, processing, importing and exporting operations through associated entities and investments.
Over the past few years, APSEZ has steadily expanded its presence beyond port operations into integrated logistics, warehousing, rail freight and supply chain infrastructure. The company has also been increasing investments in inland cargo movement and logistics parks to create end-to-end transportation and distribution networks across key industrial regions in India.
Source PTI
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