CCI Clears Vedanta’s Acquisition Of Jaiprakash Associates
Cement

CCI Clears Vedanta’s Acquisition Of Jaiprakash Associates

The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under a corporate insolvency resolution process (CIRP) governed by the Insolvency and Bankruptcy Code, 2016 (IBC).

The proposed transaction involves Vedanta Limited, the acquirer, taking control of Jaiprakash Associates, which is currently undergoing insolvency proceedings. The CCI’s approval clears a key regulatory hurdle in the resolution process.

Vedanta Limited, incorporated in India and listed on both the BSE and National Stock Exchange (NSE), is a subsidiary of Vedanta Resources Limited. The company operates across multiple sectors including natural resources, critical minerals, energy, and technology. Its key operations span oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, and power.

Jaiprakash Associates Limited, a diversified infrastructure and industrial conglomerate, is involved in real estate, cement, hospitality, and engineering, procurement and construction (EPC) contracting. Some of its group companies also operate in power, fertiliser, sports, and aviation sectors.

JAL’s acquisition through the CIRP marks a significant step in Vedanta’s strategy to expand its portfolio and consolidate its presence in India’s industrial and infrastructure ecosystem.

The CCI noted that a detailed order outlining the terms and competitive impact of the transaction will be issued separately.

The Competition Commission of India (CCI) has approved the acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under a corporate insolvency resolution process (CIRP) governed by the Insolvency and Bankruptcy Code, 2016 (IBC). The proposed transaction involves Vedanta Limited, the acquirer, taking control of Jaiprakash Associates, which is currently undergoing insolvency proceedings. The CCI’s approval clears a key regulatory hurdle in the resolution process. Vedanta Limited, incorporated in India and listed on both the BSE and National Stock Exchange (NSE), is a subsidiary of Vedanta Resources Limited. The company operates across multiple sectors including natural resources, critical minerals, energy, and technology. Its key operations span oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, and power. Jaiprakash Associates Limited, a diversified infrastructure and industrial conglomerate, is involved in real estate, cement, hospitality, and engineering, procurement and construction (EPC) contracting. Some of its group companies also operate in power, fertiliser, sports, and aviation sectors. JAL’s acquisition through the CIRP marks a significant step in Vedanta’s strategy to expand its portfolio and consolidate its presence in India’s industrial and infrastructure ecosystem. The CCI noted that a detailed order outlining the terms and competitive impact of the transaction will be issued separately.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code