The Adani Group is strategising to acquire the Jaypee Group’s cement assets, which boast over 9 million tonnes per annum (mtpa) capacity, according to a report by Moneycontrol. This potential acquisition comes as lenders initiated insolvency and bankruptcy proceedings against Jaiprakash Associates Ltd (JAL) in early June.
The Adani Group, currently ranks as India’s second-largest cement producer following its acquisition of ACC and Ambuja Cement. Led by Gautam Adani, the group has been actively growing its cement arm, with the goal of capturing one-fifth or 20 per cent of the Indian cement market by the financial year 2027-28.
