Adani Ports Acquires Jaypee Fertilizers for Logistics Expansion

Adani Ports and Special Economic Zone Ltd has entered into a Share Purchase Agreement with Jaiprakash Associates Limited to acquire 100% of the shareholding of Jaypee Fertilizers & Industries Limited (JFIL), the holding company of Kanpur Fertilizers and Chemicals Limited (KFCL). KFCL holds approximately 243 acres of land in Kanpur, strategically located for developing a world-class logistics park and warehousing facilities. This acquisition aligns with Adani Ports' ambition to expand its Multi-Modal Logistics Park (MMLP) network from 12 to 16 and increase warehousing capacity by approximately four times by 2031. The acquisition is part of the implementation of an NCLT-approved resolution plan.