Story perspectives

Adani Enterprises Secures Control of Jaiprakash Associates' INR14,535 Crore Deal

3/20/2026

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Summary

Story summary

The National Company Law Tribunal (NCLT) granted final approval to Adani Enterprises' resolution plan for Jaiprakash Associates (JAL), shifting control.
The INR14,535 crore deal grants Adani Enterprises control over 3,985 acres in Noida and Greater Noida.
The arrangement supports Ambuja Cements' target of 140 MTPA by FY2028.
Vedanta's legal challenges may pose execution risks.
The land bank's value provides a competitive edge in a high-demand market.

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Story summary

The National Company Law Tribunal (NCLT) granted final approval to Adani Enterprises' resolution plan for Jaiprakash Associates (JAL), shifting control.
The INR14,535 crore deal grants Adani Enterprises control over 3,985 acres in Noida and Greater Noida.
The arrangement supports Ambuja Cements' target of 140 MTPA by FY2028.
Vedanta's legal challenges may pose execution risks.
The land bank's value provides a competitive edge in a high-demand market.