Competition Commission of India Approves Acquisition of PSP Projects Limited by Adani Infra (India) Limited
Adani Infra (India) Limited Press Release
NEW DELHI (March 5, 2025) – The Competition Commission of India authorized Adani Infra (India) Limited to purchase equity shares in PSP Projects Limited.
The strategic move includes Adani Infra (India) Limited making two separate equity share acquisitions from PSP Projects Limited. First, they acquire shares from Mr. Prahaladbhai S. Patel during the initial stage and then proceed with an open offer to public shareholders. Following both phases of the acquisition and open offer, Adani Infra (India) Limited will join forces with the Seller along with current promoters to achieve equal ownership in PSP Projects Limited.
Key Benefits of the Acquisition
- Strengthening Infrastructure Capabilities: Through this acquisition, Adani Infra (India) Limited will strengthen its infrastructure capabilities while uniting its power and transmission infrastructure with road projects and PSP Projects' sector-based construction services. The strategic combination between the two companies will create powerful efficiencies for constructing major infrastructure projects.
- Enhanced Market Position: The acquisition of PSP Projects by Adani Infra allows the company to enhance its presence in the EPC sector across industrial, residential, and government infrastructure domains. The strategic acquisition strengthens its market position through an expanded client base, enabling it to bid for diverse, high-value projects throughout India.
- Promoting Sustainable Growth: PSP Projects' sustainable growth in infrastructure benefits from the unification of its complete project execution capacity with Adani Infra's robust project management and construction services capabilities. The united organization possesses a strong potential to lead smart cities development, renewable projects, and advanced transportation network innovation.
- Job Creation and Skill Development: This acquisition will result in numerous employment opportunities for the construction and infrastructure industries, strengthening local economic conditions. Through partnership, the initiative develops workforce skills while creating more opportunities for qualified laborers entering the market.
- Support for Government Initiatives: The merger of these companies brings together organizations that conduct extensive governmental and public sector projects to advance India's infrastructure development according to the national vision. The expanded operational capabilities of the unified organization will reinforce different national initiatives targeting infrastructure development, residential construction, and strategic utility systems.
About Adani Infra (India) Limited
The primary focus of Adani Infra consists of engineering, project management, and construction services. The company has gained recognition in power generation and transmission while delivering complete PMC and EPC service packages to the road, water, and power sectors.
About PSP Projects Limited
PSP Projects operates as an EPC service provider for industrial, residential, institutional, and governmental infrastructure projects. The successful construction company implements a comprehensive service range, extending from initial design and planning stages through the execution of MEP works and other services.
A detailed order from the Competition Commission of India is scheduled for release soon.