Adani Group to bring back Formula 1 to Greater Noida? Buddh Circuit revival plan linked to Jaypee takeover strategy – Details

Adani Cement Director Karan Adani said on Saturday that the Adani Group is working on a strategy to restart Formula 1 motorsport at the Buddh International Circuit in Greater Noida. According to official sources, Sports Minister Mansukh Mandaviya recently visited the circuit and held talks with officials from the Yamuna Expressway Industrial Development Authority, PTI reported.

"I'm very excited... obviously the Buddh circuit comes (as) part of the deal. I'm very personally engaged in terms of bringing Formula 1 back into India. I think India has a lot of potential. There's a lot of following in Formula 1 from India, " Adani, who is also the MD of Adani Ports & SEZ, said while speaking at the 70th Foundation Day of All India Management Association (AIMA) in the national capital.

The Adani Group is in the race to acquire troubled Jaiprakash Associates Limited (JAL) – the flagship company of the Jaypee Group.

In November 2025, the infrastructure-to-energy conglomerate won the majority of lenders' votes to take over debt-ridden Jaiprakash Associates, as its acquisition proposal of ₹14,535 crore included a higher upfront payment than other bidders.

Adani further said he has been following the sport since 2000 and believes India can set a benchmark for global events like Formula 1.

"Reputation of India and Indians has improved very, very significantly... I do believe that India can really showcase Formula 1... and can be a benchmark for a global event," he said, as quoted by PTI.

Adani said that there is very little awareness about such sports in India and people have to travel to other countries like Abu Dhabi or Singapore to experience the sport. He said that resuming Formula 1 would provide an opportunity to showcase not only the infrastructure but also the country's hospitality and heritage. F1 races were held at the Buddh Circuit in 2011, 2012, and 2013, but were stopped due to a tax dispute with the Uttar Pradesh government, which said the events were entertainment, not sports.