Adani Ports acquires Jaypee Fertilizers for ₹1,500 crore
after close1 source ↓written by the desknot a recommendation
- as part
- ₹1,500 crore
- of prime industrial
- 243 acres
- by 2031
- 16 logistics parks
Adani Ports signed a definitive agreement to acquire Jaypee Fertilizers for ₹1,500 crore as part of the NCLT-approved resolution plan for Jaiprakash Associates. This acquisition focuses on securing 243 acres of prime industrial land in Kanpur, enhancing Adani's logistics capabilities in north India. The deal aligns with its goal of establishing 16 logistics parks by 2031.
Not investment advice. For informational purposes only.