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Published 1 year ago

Hindenburg fallout: Adani Group suspends work on Rs 34,900 cr petchem project

Summary by Ground News
Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat. The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd. The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 KTPA (kilo tonne per annum)

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Bias Distribution

  • 36% of the sources lean Left, 36% of the sources lean Right
36% Right

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