Adani Group has revealed a big plan. The group led by Gautam Adani is trying to restart Formula 1 racing in India. It will take place at Buddha International Circuit in Greater Noida. Adani Cement MD Karan Adani announced this on Saturday, 21 February 2026, and said that he is personally associated with this project. Karan Adani said that there are many big fans of Formula 1 in India and there is a lot of potential in the country. He gave this statement on the 70th Foundation Day of All India Management Association (AIMA) in New Delhi. Let us also tell you what kind of information has come to light in this matter.
Sports Minister talked to YIDA
According to official sources, Union Sports Minister Mansukh Mandaviya recently visited this Formula-1 circuit and talked with the officials of Yamuna Expressway Industrial Development Authority (YIDA). Adani said at the 70th Foundation Day celebration of ‘All India Management Association’ (AIMA) that I am very excited that Buddha Circuit is part of the (to-be) deal. I am personally striving for the return of Formula 1 in India. It has huge potential in India and people here like it a lot.
Adani joins the race to acquire JAL
Adani Group is currently involved in the race to acquire debt-ridden company Jaiprakash Associates Limited (JAL). JAL has control over Buddha International Circuit. In November 2025, Adani Group had won the support of majority of lenders with a proposal of Rs 14,535 crore to acquire JAL. Karan Adani, also managing director of Adani Ports and SEZ, said that he has been associated with this sport since the year 2000 and he believes that India can set the standard for a global event like Formula-1.
When was the last F1 race?
He said that there has been a significant improvement in the reputation of India and Indians. India can organize a great event of Formula 1. Adani also said that India has less experience with such games, and people have to go to places like Abu Dhabi or Singapore to experience them. Adani said that such sports events will provide an opportunity to showcase the country’s infrastructure, hospitality and cultural heritage. It is noteworthy that the Formula One Indian Grand Prix race was organized on the Buddha Circuit in the years 2011, 2012 and 2013. But its organization was stopped after a tax dispute with the Uttar Pradesh government.