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Adani group emerges as highest bidder to acquire Jaiprakash Associates
The Statesman Bhubaneswar
|July 12, 2025
The Adani group has emerged as the highest bidder in the race to acquire engineering and construction firm Jaiprakash Associates (Jaypee group), which is currently undergoing insolvency proceedings.
As per the reports, Adani's bid stands at Rs 12 billion (US$1.4bn), is said to be one of six companies bidding, including Dalmia Bharat. Jaiprakash Associates has a diverse portfolio including four inactive cement manufacturing facilities in Uttar Pradesh and Madhya Pradesh.
As the flagship company of the Jaypee group, Jaiprakash Associates was one of the leading cement manufacturers with an installed capacity of around 28Mta.
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