Overview
- Adani Ports (APSEZ) signed a share purchase agreement on Thursday to buy 100% of Jaypee Fertilizers & Industries for Rs 1,500 crore, giving it indirect control of KFCL’s roughly 243 acres in Kanpur for logistics and warehousing development.
- Adani Power executed definitive agreements on Thursday to acquire JAL’s 24% stake in Jaiprakash Power Ventures for about Rs 2,993.6 crore and the 180 MW Churk thermal plant for Rs 1,200 crore, a combined transaction of roughly Rs 4,193.6 crore.
- Dalmia Cement (Bharat) has signed a business transfer agreement to buy JAL’s cement portfolio, reported at an enterprise value of about Rs 2,580–2,850 crore, covering 5.2 MTPA cement and 3.3 MTPA clinker capacity plus related power and rail sidings.
- All deals proceed under the NCLT‑approved resolution plan for Jaiprakash Associates, with prior CCI clearance and an NCLAT upholding of the plan, and are set to be consummated on the plan’s Effective Date within 90 days of the March 17, 2026 approval.
- The transfers concentrate inland land for logistics, thermal and hydro generation and cement capacity into new owners, which could reshape regional supply, boost Adani’s inland logistics and power footprint, and give Dalmia faster access to central cement markets.