Adani Ports to Acquire Jaypee Fertilizers & Industries for ₹1,500 Crore, Eyes Logistics Expansion in North India

22 May 2026, New Delhi: Adani Ports and Special Economic Zone Limited has signed a Share Purchase Agreement with Jaiprakash Associates Limited to acquire 100% shareholding in Jaypee Fertilizers & Industries Limited (JFIL) for ₹1,500 crore, as part of the implementation of the National Company Law Tribunal (NCLT)-approved resolution plan for Jaiprakash Associates. 

The acquisition will give Adani Ports indirect control over Kanpur Fertilizers and Chemicals Limited (KFCL), which holds around 243 acres of industrial and commercial land in Kanpur. According to the company, the land is strategically suited for the development of a world-class logistics park and warehousing facilities aligned with its inland logistics business. 

Adani Ports stated that the acquisition will strengthen its inland logistics presence and service capabilities in North India. The company said the deal aligns with its ambition to expand its Multi-Modal Logistics Park (MMLP) network from 12 to 16 and increase warehousing capacity nearly fourfold by 2031. 

The company had earlier informed stock exchanges on March 19, 2026, that it had expressed in-principle interest in becoming one of the “Implementing Entities” under the resolution plan submitted by Adani Enterprises Limited for Jaiprakash Associates. 

According to the disclosure, the acquisition has already received approval from the Competition Commission of India on August 26, 2025. The NCLT Allahabad Bench at Prayagraj approved the resolution plan on March 17, 2026, and the approval was subsequently 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 and will be executed through a cash consideration mechanism. 

JFIL operates in the fertilizer and chemicals sector and functions primarily as a holding company with investments in businesses related to fertilizers and chemicals manufacturing, processing, importing, and exporting. The company also owns subsidiaries including Jaypee Uttar Bharat Vikas Private Limited and Kanpur Fertilizers and Chemicals Limited. 

JFIL was incorporated on June 3, 2010, and has operations in India. Its standalone turnover stood at ₹25,000 in FY 2023-24 and ₹2,000 in FY 2024-25, according to the filing.

Also Read: China’s Fertilizer Trade Sees Strong Export Growth in Jan–April 2026, Potash Imports Remain Critical

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