Adani Group Firms to Invest Nearly ₹5,694 Crore to Acquire Jaiprakash Assets Under Insolvency Plan Adani Group firms, including Adani Power and Adani Ports and Special Economic Zone Limited (APSEZ), have begun executing the acquisition of Jaiprakash Associates Limited’s (JAL) assets through transactions worth nearly ₹5,694 crore. The acquisitions are expected to be finalized within 90 days following the approval of the resolution plan under the Insolvency and Bankruptcy Code (IBC). This move is anticipated to strengthen Adani’s inland logistics network in North India and expand its operational capabilities. Adani Power has announced it will invest around ₹4,194 crore to acquire a 24 per cent stake in Jaiprakash Power Ventures Limited (JPVL), the 180 MW Churk thermal power plant in Uttar Pradesh, and related assets. These include an 11.49 per cent stake in Prayagraj Power Generation Company Limited. Separately, APSEZ has signed a share purchase agreement with JAL to acquire 100 per cent ownership of Jaypee Fertilizers & Industries Limited (JFIL) for ₹1,500 crore. JFIL is the holding company of Kanpur Fertilizers and Chemicals Limited (KFCL), which owns approximately 243 acres of industrial and commercial land in Kanpur. APSEZ highlighted that the land parcel is strategically located for developing a multi-modal logistics park and warehousing facilities, aligning with its plan to expand its inland logistics network in North India. The company stated that the acquisition will consolidate its logistics presence and service capabilities in the region, aiming to increase its MMLP (Multi-Modal Logistics Park) network from 12 to 16 and expand warehousing capacity by around four times by 2031. JFIL operates in the fertilizer and chemicals segment through direct operations and investments in subsidiary companies.#adani_power #adani_group #apsez #jaiprakash_associates #jfil
