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

Adani Group Suspends Work on Rs 34,900 Crore Petchem Project: Report

And of the projects the group has decided not to pursue for the time being is the 1 million tonne per annum Green PVC project

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

Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said.

Hindenburg fall-out: Adani Group suspends work on Rs 34,900 cr petro-chem project

Move follows decision to focus on resources and consolidation of operations

Adani Group suspends work on Rs 34,900 crore petchem project: Report

PRI COM ECO ESPL.NEWDELHI DCM13BIZ-ADANI-SUSPENDHindenburg fallout: Adani Group suspends work on Rs 34,900 cr petchem projectBy Ammar Zaidi New Delhi, Mar 19 (PIT) Adani Group has suspended work on a Rs 34,900 crore petrochemical project at

Hindenburg row: Adani suspends work on ₹34,900 cr petchem project in Gujarat

The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat

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

The group has shot off mails to vendors and suppliers to "suspend all activities" on immediate basis.