Adani Ports and Special Economic Zone on Thursday (May 21, 2026) said it will acquire a 100% stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for ₹1,500 crore, as part of the National Company Law Tribunal (NCLT) approved resolution plan for Jaiprakash Associates Ltd. (JAL).

Adani Ports and Special Economic Zone Ltd (APSEZ), in a regulatory filing, said the acquisition will further consolidate the company's inland logistics presence and service capabilities in North India. The acquisition aligns with the company’s ambition to expand its Multi-Modal Logistics Park (MMLP) network from 12 to 16 and warehousing capacity by 4X by 2031, it added.

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"As part of the implementation of the approved resolution plan, the company has entered into a share purchase agreement with JAL for the acquisition of 100% of the shareholding of Jaypee Fertilizers & Industries Limited (JFIL), held by JAL," the country's largest private port operator said. JFIL is the holding company of Kanpur Fertilizers and Chemicals Limited (KFCL), which has certain industrial and commercial land parcels in Kanpur. KFCL holds 243 acres of land in Kanpur, strategically ideal for the development of a world-class logistics park and warehousing facilities aligned with the company’s logistics business.

The acquisition is expected to be consummated on the 'effective date’ under the approved resolution plan, which will not be later than 90 days from March 17, 2026.

Competition Commission of India approval has already been obtained on August 26, 2025. The resolution plan was approved by the National Company Law Tribunal, Allahabad bench in Prayagraj on March 17, 2026, which was further upheld by the National Company Law Appellate Tribunal on May 4, 2026.

JFIL is engaged in the business directly or by making investments in other companies having similar objectives, including manufacturers, fabricators, processors, producers, importers, exporters, buyers, and sellers of all kinds of fertilisers and chemicals.